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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
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Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Last night opened high and rose, but still did not provide a continuation for Evergrande, reaching a maximum of around 887 before immediately declining consecutively. Currently, on a daily basis, it is also continuing to fall back, with a low close to 86. The signs of recovery are not very obvious at the moment. Friends without parking spaces can plan to head south around 87.
From a technical structure perspective, Bitcoin has faced pressure and retreated after reaching key Fibonacci levels. It may currently test the support around 85. On the 4-hour timeframe, the bears are continuing to increase their volume, and a death cross trend is about to form. Currently, the overall direction is hard to break out, and it basically moves step by step, turning back one step at a time.
Pancake operation suggestion: around 87000, go south.
Target: 85000 #BTC# #ETH#