Market Review
Once again, I led everyone to accurately arrange the short position at 62100 and successfully achieved a profit margin of more than 600 points.
technical analysis
Daily chart
K-line pattern: Bullish cannon pattern, the breakthrough of 61900 needs to be paid special attention to during the day.
Four-hour chart
Bollinger Bands: Severely closed
Short-term support: 61300
High pressure: 62600
Bottom support: 60000
One-hour chart
Volume changes: Long volume continues to shrink, and MACD is about to reverse.
Short-term support: 61300 (if it falls below, pay attention to the support near 60200)
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 61900-62600 range, with the target at 61300 and the stop loss at 63000.
Aggressive Strategy
Short-term operation: If the 61300 support is broken, enter a short-term short order, with the target at 60200 and the stop loss at 61500.
Summarize
Bitcoin is showing a volatile downward trend in the short term. Investors are advised to arrange short orders at key resistance levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can short when the price rebounds to resistance levels, while aggressive investors can pay attention to the opportunity of breaking short-term support levels and flexibly adjust their operating strategies.
