On Monday afternoon, the rebound of the big cake continued to be short!
Yesterday's rebound of the big cake did not continue to form a continuation and fell back to around 91500. The lowest price of the node currency in the early trading session fell to around 88700 to stop the decline and rebound. The current market is oscillating and repairing around 90800.
From the technical structure of the daily chart, the market did not form too much fluctuation in the two days of the weekend. Yesterday, the negative K with upper and lower shadows was recorded again, but the price still remained above the 5-day moving average. Therefore, the short-term market can use this position as a short-term support. If the 5-day moving average is broken, the short position will continue to fall to around 87000. On the contrary, the four-hour view of the market still remains above the 30-day moving average. This line of support is near the 90000 mark. Short-term needs to focus on it. If it holds, it will continue to oscillate at a high level. If it breaks, it needs to be seen to fall to around 87000.
For specific operations, please refer to
Short in batches in the 91200-700 area of Bitcoin, look at the 90000 mark, and if it breaks, continue to look at the vicinity of 88500-87000, and just take 800 points in combination with your own position!
