12.22 Chen Fei Talks Currency
The Bitcoin market gradually fluctuated in the evening, touching around 98,000 in the early morning before being suppressed again. Currently, the Bollinger Bands are opening, and after touching the middle band, the market is clearly being pressured. The middle band and MA moving averages form resistance, and a bearish trend is slowly beginning to brew. The KDJ indicator is opening downwards, and the MACD bearish trend is also in play, so it is suggested to take a short position during the day.
Bitcoin (BTC)
Direction: Short Position
Order Price: 97,600 – 97,800
Take Profit: 96,800 – 96,400
Stop Loss: 98,300
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