In recent operations, we accurately shorted at 62100 and successfully made a profit of more than 600 points. The success of this strategy once again verified our keen insight into the market and precise operations.
Daily level analysis
K-line pattern: On the daily chart, the price of Bitcoin formed a multi-cannon pattern, indicating that there are drastic fluctuations in the market.
Key points of attention: During the day, we need to pay close attention to the breakthrough of 61900. If it can break through effectively, there may be a rebound, otherwise it will continue to be under downward pressure.
Four-hour level analysis
Bollinger Bands: On the four-hour chart, the Bollinger Bands are severely narrowed, indicating that market fluctuations are converging and new direction choices may be brewing.
Key support: 61300. This position is the starting point of multiple short-term rebounds, and the support is strong.
High pressure: 62600. This position is the current upward resistance and needs to be closely watched.
Bottom support: 60000 integer mark. This position is an important psychological support level. If it falls below, it may trigger a larger decline.
One-hour level analysis
Volume changes: On the one-hour chart, bullish volume continues to shrink, indicating that bullish momentum is gradually weakening.
MACD indicator: The MACD indicator in the attached figure is about to reverse, indicating that downward pressure may occur in the short term.
Key support: around 61300. If this support level is broken, the next support level around 60200 can be considered.
