Friday, a brief analysis of the market for Bitcoin!
In the early morning, a clear strategy was given to short Bitcoin in the 94500-95000 range, targeting the 91000 area below. The accuracy doesn't need much explanation, right? Another wave of a 3500 trend trade! All I can say is congratulations to those who followed it! The rhythm of takeoff!
Currently, the overall trend of Bitcoin is still proceeding as expected. Although there has been a rebound, the subsequent price comparison is weak and shows a downward trend, accurately reaching the expected position.
At this stage, in terms of rhythm, the four-hour level shows a strong downward spike in price comparison, and the price has touched the bottom and is closing positively. The current rhythm has shown clear signs of rebound and repair, and the indicators in the attached chart are also showing an upward trend. Although there is still some room for upward movement, trading should still revolve around the strategy of shorting on rebounds.
Friday's Bitcoin trading suggestion: Short in the 93000-93500 range on the rebound, targeting the 91000-90000 range!