Today's market summary: Bitcoin's short-term rise can be completed, try shorting! !

Bitcoin mid- and long-term trend analysis and operation suggestions Current mid- and long-term trend

Bitcoin is still running a high-level rebound. The key is to pay attention to the sustainability of the current level rebound and when it will end. The following are two possible subsequent trends:

Strong pull

  • Description: If Bitcoin can build the second center at the current level (that is, the price repeatedly oscillates within a certain range and accumulates strength), it is expected to pull up strongly on this basis.

  • Key point: It is doubtful whether it can break through $74,000, but if it can, the market may continue to rise more significantly.

Reverse Adjustment

  • Description: If the current high-level rebound ends in the $72,000-73,000 range, Bitcoin may enter a high-level decline in the reverse direction.

  • Key point: We need to pay close attention to the performance of the $72,000-73,000 range to determine whether it has entered the adjustment phase.

Key technical indicators

  • MACD: The long and short volumes change frequently, so it is necessary to pay attention to the changes in volume and the trend of the signal line.

  • Bollinger Bands: The Bollinger Bands are gradually converging, indicating a volatile market.

Recommendations

Short-term strategy

Long strategy:

  • First long position: $68,800-69,000 range

    • Stop loss: $68,300

    • Target: $70,000, $71,000, $72,000

  • Second long position: $67,500-68,000 range

    • Stop loss: $67,000

    • Target: $69,000, $70,000

Short selling strategy:

  • Short-term high-level short selling: $72,000-73,000 range

    • Stop loss: $73,500

    • Target: $71,000, $70,000

Medium and long-term strategies

Strong pull scenario:

  • Operation strategy: Continue to hold long positions after breaking through and stabilizing at $74,000, with the target at $78,000.

  • Risk control measures: Set the stop loss at $72,000 to prevent the risk of a pullback.

Reverse adjustment scenario:

  • Operation strategy: When there are obvious pullback signals in the $72,000-73,000 range, consider reducing positions or switching to short selling.

  • Risk control measures: The stop loss is set at US$73,500 to prevent a breakthrough rebound.

risk warning

  • Market volatility: The Bitcoin market is highly volatile, so you need to flexibly adjust your positions and strictly set stop-loss and take-profit rules.

  • News impact: Pay attention to major news about global economic policies and the crypto market, and guard against risks brought by unexpected events.

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