In the summary after Trump's speech in the early morning, I mentioned that since Trump's speech was only in line with expectations,
If you think there is Sell the news, you should pay attention to the situation in the Asian session during the day.
Sure enough, at 6:00 and 7:00 in the morning, there was a continuous decline, and the decline continued until about 12:00 noon before a rebound.
However, from the 1-hour trend, the decline is not bad, and it has not completely fallen below the 1-hour shock range. At the same time, the price has remained on the upper track of the 4-hour Bollinger Band, indicating that the selling pressure is not too strong at present.
But still don't relax your vigilance. I mentioned yesterday that because the incident happened on the weekend, the trading restrictions or liquidity of US traders were low. The subsequent fermentation of Trump's speech may be extended to the early morning of the weekend and Monday, so we need to continue to observe. It will be judged whether the market has fully digested the sentiment of this speech until the opening of the US stock market on Monday night.
#BTCThe key defensive position below the overall is still the 65,700 weekly support position. Of course, this position will change on Monday, and I will update it randomly.
