It is a pity to sell short yesterday at 63600. The order that should have made money ended up with a loss.
Let's take a look at today's market trend.
In the one-hour market, the Bollinger Bands obviously continued to open downward, but we need to note that MACD currently has a bullish energy column. In addition to the accelerated decline last night, it can now be judged that the bottom has been reached in the short term. The three lines of KDJ are about to cross and form a dead cross, that is, there is still a small decline in the short term, so we will wait for the wave to retrace and then go long directly in the white market.
The layout of the medium and long term can be judged based on the 4-hour market.
The difference between the 4-hour market and the one-hour market is that the Bollinger Bands are one downward and one upward. MACD has also stopped increasing its volume, and KDJ has also shown a strong downward trend.
I am bullish in the short term, but I prefer to be bearish in the medium and long term. It is only a matter of time before the price falls below 60,000.
Bitcoin can be long at 62,200 or around 62,000. 62,800, 63,200, and 63,600 are all positions for long orders to exit.