Market Review and Technical Analysis
Yesterday's performance
The short order at 57,600 arranged yesterday successfully stopped profit of more than 600 points. Congratulations to all the friends who followed the orders!
Daily Line Analysis
Trend analysis: On the daily chart, Bitcoin has a certain bullish momentum, with the daily real body closed in the morning and firmly above MA7.
Key points: Focus on the support strength of 57100 and the integer mark of 60000 during the day.
Four-hour analysis
Bollinger Bands: On the four-hour chart, the price remains within the rising channel of the Bollinger Bands.
Key points: If the subsequent support at 56,900 forms a Bollinger opening upward, the price may test the selling pressure in the 59,500-60,000 range.
One hour analysis
Trend analysis: On the one-hour chart, the price is running in an upward channel.
MACD: MACD bullish volume and K-line pattern show signs of top divergence.
Key points: Pay more attention to whether the upward momentum can be sustained, with a focus on the support of 56,900 and the pressure of 60,000.
Recommendations
Comprehensive analysis
Bitcoin has certain bullish volume during the day, but there are signs of top divergence in the short term. In terms of operations, it is recommended to focus on shorting in a steady rebound.
Specific strategies
Short on rebound
Entry point: When the price rebounds to the 59500-60000 range, arrange a short order.
Stop loss point: set above 60500.
Target point: The first target is 58,000, and if it continues to fall, it can look to 57,000.
Key support long
Entry point: When the price falls back to the 56900-57100 range, consider short-term longs.
Stop loss point: set below 56500.
Target point: The first target is 58,000, and if it continues to rise, it can reach 59,000.
To sum up, Bitcoin has a certain bullish volume during the day, but there are signs of top divergence in the short term. In terms of operations, it is recommended to focus on shorting in a steady rebound, pay close attention to changes in key support and resistance levels, flexibly adjust strategies, and ensure the stability and security of transactions.
