Technical analysis by sxaix1 about Symbol BTC: Sell recommendation (5/7/2024)

Judging from the daily chart, the current rise of Bitcoin is blocked, and the price may continue its downward trend. At present, we are focusing on the resistance range of 64570-65540. If the price rebounds to this range and falls, the downward trend will continue. If the price breaks through 65540, it will continue to rise in the short term. Trading strategy: Sell in the range of 64570-65540, target 59150, stop loss 65740 The above strategies are for reference only, I will update them in real time in my guidance groupComment: At present, the price of Bitcoin has not exceeded 64550, and the price is expected to fall as I predicted.Comment: At present, the price has rebounded to around 64300 and encountered resistance and started to fall, which is a good selling opportunity. If the price breaks above 64550, the rise will continue. Those holding short orders pay close attention to the 64500 resistance levelComment: Bitcoin is falling as I predict, watch for resistance below 62700. If the price falls below 62700, there will still be a lot of room to fall.