12/12/: BTC daily line is bearish; operation can sell high and buy low

BTC/day chart: Yesterday’s Monday market quotations: BTC led the market to a collective plunge, starting from the opening price of 43800

It recently fell as low as 40228 and the maximum drop was about US$3,600; it rebounded slightly in late trading and closed at the 41270 daily line.

The closing situation is biased towards the short side; the upward trend line still maintains an effective support role; after yesterday's big plunge,

We can find new potential turning point support 40300-40000 which is also near the trend line support; support

The effective long pattern has not changed significantly; it is just that yesterday's daily K closing line was short-term; the trend line and water level

Operating above the flat support will maintain a high probability of oscillation in the high range; therefore, the operation can still maintain the same level as yesterday.

Daily resistance supports the idea of ​​selling high and buying low!

[BTC4/1 hour chart]

BTC4/1 hour: 4-hour price trend plunged below 43,000 yesterday and reached the lowest level of 40,300 to stop falling; rebounded

Blocked below 43000; the first resistance will be 43000 and the first support 40300-40000; it will be maintained in the short term

Shock; the range of selling high and buying low is 43000-40000; students with short thinking can wait for the first resistance to reverse

If a clear short signal appears after the rebound, perform short orders; students with long-term thinking will focus on whether the hourly level

If there is a multiple bottom structure, you can try long positions; defend below 40,000, target

Look to 42500-42800;

Recommended ideas [short-term shock]

Support 40300-40000/Resistance 42800-43000