Tindtily

BTC Short term down target

Short
Tindtily Updated   
BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
  • After the V-shaped rebound on June 6th-7th, there was no further upward attack.
  • Instead, there was a significant callback, with the lowest retracement at 0.618.
  • Currently, a rebound is underway, but it is being blocked near 0.5.
  • In terms of details, the bears are dominant, so it is judged that there may be new lows.
  • There are currently two downward target positions: 25800 and 25600.
  • Among them, the area near 25800 corresponds to the high point of the rebound during the bottoming stage on the evening of June 6th, and there may be resonance.
Comment:
Hit the target perfectly
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