Market Review
Bitcoin accurately arranged short orders between 63500 and 63800 yesterday and successfully realized a profit of more than 1000 points. Congratulations to all the friends who followed orders in the actual combat group.
technical analysis
Daily chart
Shooting Star Yang Candle: A shooting star Yang candle was formed in the morning, indicating that the price surged and then fell back.
Support level: 61800.
High pressure: around 64800.
Four-hour chart
Bollinger Bands: The price remains in the ascending channel, but the Bollinger Bands opening slows down.
MACD indicator: The bullish volume is shrinking, indicating the possibility of subsequent fluctuations.
Oscillation range: Oscillate and converge around the 62000 line.
One-hour chart
Downward channel: The price has shown a significant decline and is operating in a downward channel as a whole.
MACD indicator: short selling volume is increasing for the second time.
Short-term suppression: pay attention to the 63,000 integer mark.
Recommendations
Robust Strategy
Short on rebound: Place short orders around 63,000, target 62,000, and set stop loss at 63,500.
Aggressive Strategy
Short orders at high levels: If the price rebounds to 64,800 and does not break through, you can consider shorting at high levels, with the target at 61,800 and the stop loss set at 65,000.
Summarize
Although Bitcoin has some rebound momentum in the short term, it is still in a downward channel overall. Investors are advised to arrange short orders at key suppression levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can arrange short orders in the high suppression range, while aggressive investors can pay attention to short-term rebound opportunities and flexibly adjust their operating strategies.
