The price of Bitcoin once rose from 57,500 to 60,600. At present, it seems that the bullish energy is more sufficient than we thought. If the short position is small, you can wait a little longer. It is only a matter of time before the high point falls back. The market will inevitably fall back.
From the 4-hour structure, the two MACD lines are running straight upward, and the K line is also in a stable state at the upper rail of the Bollinger band to form a large positive column. From the daily line, Bitcoin breaks through the suppression of the middle rail but is still a certain distance from the upper rail.
Although the bullish trend is currently showing, there should be a small continuation of bullishness in the future, but it is not recommended to go long at this point without entering the market, because there must be something wrong with the abnormal situation, so as to avoid the subsequent rapid rebound to repair the high position.
For the short-term layout idea, first look at the callback, and observe the rebound strength after the callback to determine whether it is in line with the anti-long position, or continue to be bearish.
[I still believe that the current short-term break is just the dog dealer's inducement to be more]
Bing's morning suggestion: 60,700-61,000 area is short, and the target is 58,000. Defense 62000. $BTC
