Big Pie Lunchtime Strategy Analysis
Judging from the 4-hour chart, the price of Bitcoin mainly fluctuates near the lower track of the Bollinger Bands, showing an obvious downward trend.
Although there was a small rebound at the low level today, the rebound was weak and failed to significantly break through the strong pressure level above.
This lackluster rebound suggests that the market may be gathering momentum for the next round of declines.
Based on comprehensive analysis, we still maintain our bearish view on the midday strategy. The operation suggestions are as follows:
Short order strategy: You can consider entering a short order in the area of 56800 to 57300. The defensive position is set near 57500, and the target price can be towards 56000 and 55000.
Multi-order strategy: In the 55300 to 55600 area, you can consider opening a small position and multiple orders, with the defensive position set at 55000 and the target prices at 56500 and 57000.
