1. When analyzing the Bitcoin market yesterday, it was said that there would be a rebound, but the volume rebound was only about one point, indicating that there is a large selling pressure near 73,000. This is what we said before. At such a high level, the rise of Bitcoin can be said to be very limited, so everyone will be asked to reduce their positions at a high position to stop profit and short at a high position.
2. Just now, Bitcoin exploded the stop loss of long orders, and most of the long order stop losses should be eaten up. At present, the small level 15 minutes is not supported near 71,000. If it continues to fall, a stop profit can be made near 70,000. If the price retraces to 71,000, it will be stopped at 71,000. The Bitcoin price of 71,000 and 70,000 are both support levels given to everyone before. Shorting at the pressure level and taking profit at the support level is a strategy for a short-term contract at a high level. Near 70,000 is the position where Bitcoin retraces to the Vegas channel line, and it is an important level of Bitcoin price in the early stage, so there is a strong support level.
3. Bitcoin does not have much room to rise near 73,000, but if it falls to 71,000 or even 70,000, the upward profit space will be larger. If you take a short position at the support level, there is also a profit space of one to two thousand above. If there is a rebound near the support level, the first stop profit position is 73,000.
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