BTC has recovered. Is it a rebound after the decline or has it reached the bottom?
From the daily level, it has actually completely broken through the trend line. The general trend is still controlled by the short side. To reverse the trend in the future, it must break through the resistance around 595 with volume and stand firm at the daily level. Only then can it be regarded as a real reversal. Otherwise, all the rises are regarded as rebounds and short selling
If it does not break through and stand firm in the future, the support below 51 and 42 are key positions. Pay attention to the signal of breaking through or rebounding with volume
Switch to the small level. After a wave of rebound and rise last night, a consolidation box was formed. It is easy to operate with a clear range. At present, the high and low points are constantly rising, with a small-level upward trend, but it has reached the upper boundary of the box. It may be a good idea to wait a little longer to see if it will fall back to the box after a real breakthrough. It is not too late to enter the market if it does not fall back. If it falls back to the box, it is also a good time to open a short position
After breaking through upward, the first stop profit above is only 58, the second stop profit is 585, and the third stop profit is 590
After the failure of the breakthrough and falling back to the box, the first stop profit below is 56, the second stop profit is 55, the third stop profit is 54, and the fourth stop profit is 525
