12.10 In-depth analysis of cryptocurrency market and strategy research at noon on Tuesday
1. Market review at noon
In the early hours of the morning, the cryptocurrency price showed a significant trend of double-digit bottoming, but then quickly rebounded, and the market conditions recovered. However, at noon, it encountered another stepped decline, with the price all the way down to the low line near 95,500. Then there were slight signs of recovery again, and it gradually showed an upward trend.
2. Technical level analysis
Observed from the perspective of the daily line, the K line showed a pin shape and a virtual break occurred. After briefly touching the middle rail, it found support at the key moving average position of MA30 and successfully rebounded, and then returned to the area above the middle rail. , at this time, the interval formed by the mid-rail and MA30 has become a crucial support zone. Switching to the 4H level for analysis, the market fell below the two key supports of MA60 and trend line. According to the technical principle of top-bottom conversion, the original area of MA60 and trend line has now transformed into a short-term resistance range.
3. Operation strategy guidance
For the operation of Bitcoin (big pie), when the price is in the specific area of 97200 - 96700, you can consider adopting a bullish operation strategy. The expected profit target area is set between 98500 - 99500, and the stop loss price The setting requires investors to make flexible and reasonable determinations based on the actual situation of their own positions, so that they can accurately grasp the potential investment opportunities brought about by this market fluctuation while effectively controlling risks.
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