Current market situation
Thoughts: Thoughts are the basis for winning, strategies are the key to winning, technology is the means for winning, and mentality is the power for winning.
Four-hour structure:
Form: It shows a V-shaped inversion, bottoming out and rebounding to the vicinity of the middle track.
Trend: Three consecutive positives accompanied by shocks and then closed negative, which belongs to a relatively good trend category.
Adjustment: Shocks are regarded as low-level adjustments, ready to go, and the only pressure area at present is the MA30 daily moving average position.
Momentum: The short-term momentum has basically been released, and MACD gradually increases its volume above the 0 axis, and the bulls have a certain advantage.
Hourly line structure:
Pie: After rebounding above 61,000, it has entered the bullish channel stage as a whole, and the downward turning of various kinetic indicators has not caused a sharp decline.
Expectation: The next trend may be a narrow range instead of a decline, and the decline space will not be too large, so it will continue to rise.
Short-term operation suggestions
Bitcoin (BTC)
Current price range: $61,600-62,000
Operation direction: long
Target price:
First target: $63,200
Second target: $63,600
Stop loss setting: set below $61,300 to prevent losses caused by price reversals.
