Mr. Coin in the Coin Circle: 8.14 Bitcoin (BTC) market analysis reference:
Yesterday, Bitcoin short orders, pocketed nearly 1,400 points near 58,700, and long orders near 58,600 were pocketed near 60,000. Currently, short orders near 61,300 are held. You can pay attention to the currency price.
Bitcoin continued to fluctuate in the previous market, and long and short positions played games. After stepping back to the low and touching the first-line support near 58,350, it rebounded to around 61,550. In recent days, it has formed a relatively stable overall box shape.
Short-term 4 small charts show that the intraday currency price rebound was blocked by the Bollinger upper axis, and the MACD fast and slow lines broke through the zero axis. Although the fast and slow lines are currently running above the zero axis, there are signs of convergence at any time.
Daily line , MACD still shows signs of weakness. The price breaks through EMA7 during the day and is currently between EMA30 and EMA15. The future market mainly depends on whether the currency price can effectively break through and stabilize EMA30. Therefore, it is not recommended to blindly chase more in subsequent operations, and be careful of prices falling again under pressure.
Bitcoin short-term reference:
Short orders focus on light positions in the 62100-62500 range, defense: stop loss 62900, target below 60700,
Short order 2, cumulative positions in the 61300-61500 range, defense as above, target around 60300,
Long orders focus on the 59200-59500 range, defense 58200, stop loss 57900, target above 60400.
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop-profit and stop-loss measures and put the money in your pocket. $BTC
