BTC morning market analysis:
Bitcoin experienced a correction of about $2,000 last night, and today is the fourth consecutive day of sideways consolidation.
The market focus is whether it will break through $100,000 next, or continue to sideways and then pull back. According to the analysis of the mine manager, it is more likely to break through $100,000.
Market analysis:
Daily level: The current price is below the upper track of the Bollinger band, and the MA line shows signs of shrinking volume. The KDJ indicator also sends an overbought signal, and it may face pressure in the short term.
Official cooking to check my homepage and borrow to start your wealth journey!
4-hour level: The price broke through the middle track of the Bollinger band and then pulled back again. Last night, it touched the lower track of the Bollinger band and rose below the middle track. The MACD dead cross shows that it may still be under pressure in the short term.
1-hour level: After breaking through the middle track of the Bollinger band in the short term, it pulled back and is currently maintained above the middle track. The MACD golden cross has an upward trend and may usher in a rebound.
Operation suggestions:
Aggressive investors can consider entering the market to do more near the current price of 97,670.
Conservative investors can wait for the price to pull back to around 97,000 before considering a light long position.
The target position is 98,400. If strong resistance is encountered, the strategy can be adjusted in time.
The above strategy is for reference only. Please pay attention to setting stop loss when trading to ensure that the risk is controllable.
