The current daily chart shows that the overall price of Bitcoin is still under the control of the bearish trend. After the "double needle peak" at the daily level, the price found support near $57,000 again, forming a volatile pattern. It is worth noting that this position can be continuously maintained, reflecting that short-term bulls still retain a certain amount of counterattack energy, otherwise the price would have fallen below this key support.
Observing the four-hour chart, the Bollinger Bands (BOLL) are gradually converging, indicating that the market may enter a consolidation phase. At the same time, the price is still limited in the falling channel. The first pressure level of concern above is $57,800. Only by successfully breaking through this level can we further look forward to the upward challenge to the $59,000 area, and at the same time be wary of the strong selling pressure in this area. As for the bottom, the support level should focus on the vicinity of $55,800, providing investors with a potential safety cushion.
In a smaller time frame-the one-hour chart, the price of Bitcoin is clearly in a volatile trend, and its fluctuation range is roughly defined between $56,500 and $58,500, forming a volatile band of about 2,000 points, providing short-term traders with operating space.
Based on the above analysis, it is recommended that the intraday trading strategy of Bitcoin should be biased towards short selling after a rebound. Specifically, when the price rebounds to the range of 58,800 to 59,300 US dollars, you can consider placing a short order with a stop loss set above 500 points to control the risk. The target profit can be set at least 500 points, and ideally it can reach more than 800 points, which can be adjusted flexibly depending on the actual market trend. $AR $ORN $MDX #美联储何时降息? #币安合约锦标赛 #德国政府转移比特币