Market Review and Technical Analysis
Yesterday's performance
The suppression of Bitcoin at 59,800 is completely effective. Qin Chuan once again accurately predicted the high-level short orders. Congratulations to the friends who followed the orders!
Daily Line Analysis
Trend analysis: On the daily chart, Bitcoin is still in a bearish trend. After the double-needle peak, the price fell back to 57,000 and fluctuated.
Bullish volume: The support at 57,000 has not yet been broken, indicating that short-term bullish power still has certain support.
Four-hour analysis
Bollinger Bands: On the four-hour chart, the Bollinger Bands began to close and the price remained in a falling channel.
Key points: Pay attention to the upper pressure level of 57,800. If it breaks through, the upward selling pressure will rise to 59,000; pay attention to the lower support of 55,800.
One hour analysis
Oscillation range: On the one-hour chart, the price fluctuates in the range of 56,500-58,500, and the overall trend tends to be oscillating.
Recommendations
Comprehensive analysis
Bitcoin is still in a bearish trend, with signs of short-term shock consolidation. The operation is mainly based on rebound short selling, and close attention should be paid to changes in key support and resistance levels.
Specific strategies
Short on rebound
Entry point: When the price rebounds to the 57800-58500 range, arrange a short order.
Stop loss point: set above 59000.
Target point: The first target is 56500, and if it continues to fall, it can look to 55800.
Key support long
Entry point: When the price falls back to the 55800-56500 range, consider short-term longs.
Stop loss point: set below 55,500.
Target point: The first target is 57500, and if it continues to rise, it can reach 58500.
To sum up, Bitcoin is still mainly short-selling on rebounds during the day. Pay close attention to the changes in key support and resistance levels, flexibly adjust strategies, and ensure the stability and security of transactions.
