After another 5 hours of consolidation, BTC’s trading range expanded by only $42. The intraday range reached $542 in the afternoon, and by 7 PM, it had widened to just $584. The upper boundary is at $76,250, the lower at $75,666, and price remains near $76,000. After surging to the upper boundary at 5 PM, price retreated. As of 7:04 PM, the hourly EMA50 is still at $76,514, and price has not yet reclaimed it. Since neither boundary has been broken, avoid assigning trend significance to every single green or red candle. The clearest fact remains: price has not broken out.
無名先生Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.