According to today's Bitcoin K-line chart, the current Bitcoin price shows a trend of slowly moving down in the range. The intraday gains were given back in the early morning. The current low is close to the 56,500 support level, but it has not broken down, and the trend remains in the range. If it falls below the 56,500 support level in the future, the short-term consolidation pattern will be broken, and the intraday low is expected to move further towards the 55,000 level. Investors are advised to prepare in advance. Note that the short-term market reversal is relatively fast, and it is important to pay attention to risk control and profit control.
Market analysis:
Daily chart:
Bitcoin is under obvious suppression at the 59,800 level, and the price on the daily chart still maintains a bearish trend.
After the double needle peaked, the price once again came to the 57000 line and fluctuated. The short-term bullish force still exists, and the 57000 position support is effective.
Daily support: 57100
Daily resistance: 60300
Short-term four-hour chart:
The Bollinger Bands start closing and the price remains in a descending channel.
The first pressure level above: 57,800. Only after breaking through can we continue to see upward selling pressure at the 59,000 line.
Support below: 55800
One hour chart:
The current price is in a volatile market, paying attention to the 2000 point range of 56500-58500.
Prices continued to fall in the early morning, with a weak trend, and the market formed a range-consolidation price repair cycle.
Operation suggestions:
Short order layout:
The upper pressure is focused on the key position of 59500. When it rebounds to 58600-59000, consider entering a short position, defend 60200 to cover the position, stop loss 60700, and take profit in the 57300-56900 area. If 56500 breaks, you can continue to hold.
Multiple order layout:
Pay attention to the 56500 position, go long with a light position, defend near 55300 to add to the position, and set a stop loss near 54900.
Summarize:
Today, the overall trend of Bitcoin is in a volatile consolidation, and the range is slowly moving down. In the future, we need to pay close attention to the support of the 56,500 position and the breakthrough of the upper suppression level. The prudent operation is mainly to short on the rebound, and pay attention to controlling positions and risks.
