Market Review
Bitcoin had a rainy weekend this week. The overall daily trend remained weak, the rebound was weak, and market sentiment tended to be pessimistic.
technical analysis
Daily chart
Trend: There is no improvement on the overall daily chart, maintaining a bearish trend.
Attached chart indicator: The J value of KDJ has been running at the zero axis for a long time, and the rebound strength has almost no increase in volume.
Operation idea: Keep shorting on rebound.
Four-hour chart
Trend: The boll downward channel is very obvious.
Short-term suppression: focus on around 64,800 above.
Support level: focus on 62800 below.
One-hour chart
Trend: boll starts to close and enters the stage of shock consolidation.
Short-term support: 64,000 integer mark.
Support level: If 64000 breaks down, pay attention to the support below 63200.
Recommendations
Robust Strategy
Short on rebound: Short on rebound near 64800, with the target at 63200.
Stop loss setting: Reasonably control risks and set the stop loss at 65100.
Aggressive Strategy
Short-term operation: short-term long near the 64000 integer mark, target at 64800, stop loss set at 63700.
Break and short: If the 64000 support level is broken, short the market and target 62800.
Summarize
Bitcoin continued its weak trend this weekend, and the daily rebound was insufficient, maintaining an overall bearish trend. It is recommended to maintain the idea of rebounding and shorting, while paying attention to the breaking of key support levels, so as to flexibly respond to market changes and ensure the robustness and effectiveness of trading strategies.
