11.19 Chen Fei Talks About Currency

The Bitcoin market tested the high point near 92666 yesterday, and the price was clearly suppressed afterward, indicating that there is still significant pressure above. There is a noticeable inducement for buying, and currently, the price is still oscillating at the middle track position. However, the pressure from the middle track and MA moving averages is quite evident. The price has tested the support four times without success, and the upper Bollinger Band is also trending downward. The MACD bearish trend is also increasing, so it is suggested that everyone take short positions during the day.

Bitcoin (BTC)

Direction: Short Position

Current Price: 91300～91500

Take Profit: 90300~90000

Stop Loss: 92100

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