Bitcoin did not fluctuate much after rising higher yesterday, and the price basically remained within the range of 27,000-27,500. The overall market trend remains within the middle and lower tracks of the Bollinger Bands. After a sharp rise and a sharp fall, the market is correcting sideways. The fluctuations are not very large. Our bullish thinking yesterday remains unchanged.
In terms of technical structure, at the four-hour level, the currency price failed to break through the suppression of the upper Bollinger Band, and has been hovering around the middle and lower tracks. At 4 o'clock in the morning, there was a wave of decline, touching around 27100, stopping the decline and rebounding, closing at the bottom. The currency price is currently consolidating around 27,300. From an hourly perspective, the Duotou energy column is gradually increasing in volume, and the overall trend is gradually beginning to pick up, with each line gradually extending upward. Therefore, in the short term, we will temporarily pay attention to the break of the 27,000 mark support below. That’s it, you can adjust your thinking after a breakthrough. Just like last week’s neckline defense, you must adjust your thinking in time when the position is broken. At present, it is the same to be long if it does not break, and bearish if it breaks.
Personal operation suggestions
Bitcoin 27200-27100 range, target
27800-27900, focus on defense at 26900, and look at 28200 when breaking position
Ether is in the 1640-1630 range, the target is 1680-1690, the defense is focused on 1635, and the break position is 1710
