The market rebounded at 96100 in the evening and began to fall. Short orders once again gained 1300 points and were eliminated in batches in a reasonable manner.

1.8 Wednesday evening btc trend analysis

Yesterday, the market fell off a cliff and once again swept Duotou. The price rose after multiple shocks in four hours. The highest rebound was at the 102,700 mark, which was under pressure. There was a combination of negative and positive. The price then plummeted, and the short sellers recovered the room for growth. It can be seen that the downward trend is very strong.

In fact, the current trend is somewhat similar to the previous wave. They are all in the form of exploring high and stepping out of the painting. Regarding the current fluctuations, Leek must remember to focus on risk control and be defensive, otherwise it will be easy to be washed away by the market. After all, most retail investors in the market are I can’t stand it, maybe the Chinese New Year is coming soon, and Gouzhuang is going to wash out retail investors, right?

Pay attention to the pressure measurement above 98,000 in the evening. This mark will be the watershed stage for the subsequent long and short periods. Now the price has reached the lower range downwards, and the bottom is supported by 91,500. You can place orders around this area.

Radical short-term ideas: The 96000-96400 area is divided into batches, and the target is bearish to the 92800 mark #BTC☀