Analysis of Bitcoin night operations on September 25

At present, the short position has made a profit of 3,000 oil. Since the entry point of the short position yesterday was not very good, my short position was exited first. If there are brothers who follow the long-term short-selling strategy in the morning and afternoon, they should have 1,000 points of income now. Those who seek stability can exit first. Last weekend, I was still bullish on the trend of the big cake this week, so we can look at the retracement strength in the future and then enter the market to do more.

From the daily line, after a period of rise, the price of Bitcoin encountered strong resistance at the 64,838 line, and then fell under pressure to the middle track position near 63,000. In this process, the daily closing formed a small Yin K line, and the entity part was small, showing that the market is in a state of oscillation of Yin and Yang cycles. In the short term, the price of Bitcoin seems to still fluctuate within this box range.

From the four-hour structure, we can find that the Bollinger Bands are experiencing a significant contraction, which indicates that the market volatility range is gradually decreasing. Currently, the Bollinger Bands are roughly between 62,800 and 64,800, while the price of Bitcoin fluctuates back and forth within this range and fails to break through the highs and lows. Therefore, in the short term, the market may still not be able to form a clear unilateral market.

The current long-short ratio is still relatively low, so I will retreat and go long later

Operational suggestions

Go long around 63,000 Target 65,000

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