Judging from the K-line chart, BTC is currently in a short-term rebound phase. There were certain signs of rebound yesterday, recovering some lost ground, but the overall trend is still suppressed by the upper moving average.
Currently, the BTC price is suppressed by MA10 (10-day moving average), and the strength of the short-term rebound is relatively limited. If it can break through MA10, it will be expected to rise further.
MA5 (5-day moving average) provides support in the current rebound, but the MA20 and MA60 moving averages are still downward, indicating that the medium- and long-term trend is still weak.
Bollinger Band Analysis:
The Bollinger Band opening is gradually narrowing, indicating that market volatility has weakened. The current price is running below the middle track, with greater resistance above and more obvious support below.
If BTC can stand firm near the middle track of the Bollinger Band, it may try to attack the resistance level of the upper track.
Volume:
Trading volume has increased during the rebound, indicating some buying power, but it is still not enough to confirm a trend reversal.
Today's BTC operation suggestions
First support level: 60,500 USDT
Second support level: 59,500 USDT
Pressure level: 62,000 USDT
Stop loss: 59,000 USDT
Operation suggestions:
Short-term operation: It is recommended to open a light position tentatively around 60,500-61000 USDT. If the price falls back to around 59,500 USDT, you can increase your position, but the stop loss must be strictly controlled below 59,000 USDT.
Breakthrough operation: If the price breaks through 62,000 USDT, you can chase more appropriately, with the target around 63,500 USDT, but be careful to adjust the take profit at any time.
Currently, BTC is at a critical point of rebound, with great pressure from above. In the short term, it may fluctuate and consolidate in the range of 60,000-62,000 USDT. If it breaks through the upper pressure level, we can pay attention to the opportunity of further upward movement. It is recommended to be cautious in operation, mainly short-term operation, and strictly control risks.
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