Analysis of the Morning of the 2nd

Bitcoin briefly surged to 72,300 before dropping sharply, showing clear signs of a short-term top.

From a technical perspective, the long upper shadow formed at 72,300 indicates that the price was pushed up but then rejected. The price has already broken below important short-term moving averages, and some key indicators also show the market entering oversold territory, but the downward momentum may not have fully exhausted itself.

From market sentiment, there weren't many genuine buyers during the previous rally; it was more like a false breakout. The recent rapid decline has triggered panic, leading more people to sell off, increasing the short-term downward pressure.
Trading Suggestions
Short at the rebound near 70,800-71,300, with targets down to 69,500-68,800. If it breaks below, continue to watch for 68,000.
#当前行情抄底还是观望？ #币圈生存指南