#BTC Today's BTC closing price is lower than the previous two days, and the large rectangular oscillation range has not been broken. When the upper resistance is large and has not been broken for a long time, it is likely to pull back to accumulate energy, but the current position is not suitable for shorting. Be alert to the appearance of the daily level M head and then fall as shown in Figure 1. The short position can try to place an order near 31300. However, I still insist on the strategy of buying on dips, and lower the first target price to 0.618 near 28600, and the second target price to 0.382 near 27200.
In Figure 2, BTC is still fluctuating at a high level in the short term, and has not yet broken through or fallen below the fluctuation range. The short-term operation suggestion is to go short at highs and go long at lows within the fluctuation range, and stop when you see a profit. Pay attention to the use of moving averages, or indicators that you find useful.
