Weekend market analysis: shock callback, strategy needs to be flexible! !
The overall market showed shock callback over the weekend, and market sentiment was slightly cautious.
In this complex trend environment, the advice to fans is to adopt a flexible strategy of high-altitude and low-multiple, accurately grasp the rhythm of the market, and ensure stable returns.
Bitcoin night callback: shorts dominate
Bitcoin experienced a sharp callback at night, reaching a minimum of around $95,800, and the short force was obviously dominant.
From the current overall trend, Bitcoin showed a shocking downward pattern, and the high position gradually moved down, indicating that the upper pressure was large and the shorts dominated.
Comprehensive analysis, the safe operation strategy during the day is mainly to rebound short.
Operation strategy:
Pay attention to Bitcoin rebounding to the range of $98,200 - $98,800 to make a short layout.
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This range concentrates multiple technical resistance levels, including the previous stage highs and the suppression of the moving average.
Once the price rebounds to this area, the time for short entry will be ripe, and the target range is set at 96,000-95,000 US dollars.
This target range is based on the continuation of the recent downward trend and the distribution of key support levels. If it can be achieved, it will provide considerable profit space for short operations.
Operation suggestion:
Short in the range of 98,200-98,800, with the target of 96,000-95,000, and the stop loss can be set near 99,500.
Note: The market changes rapidly, and it is necessary to strictly implement the stop loss and take profit strategy to control risks and ensure the safety of funds.
