"Bitcoin's daily key support level and investment strategy"
The Bitcoin daily structure is currently at a very critical node, gradually approaching several important support levels.
First, the most critical primary defense line is at the lower edge of the high-level rising parallel channel, and its price is about 95,000.
This position plays a fundamental supporting role in the upward trend of Bitcoin. Once it is broken, the original upward trend is very likely to change.
Second, the secondary barrier is located at the lower track of the daily Bollinger Band, and its price is about 93,500. In the past market trends, this position has played an important supporting role at critical moments twice.
And this time when the price falls back to this position, if it is unfortunately broken, investors must quickly take self-protection measures.
Third, the ultimate fortress is set at the ice line position near 88,000, which is where point D in the butterfly pattern is located.
Once this position is broken, it is very likely to trigger a large-scale callback phenomenon.
Therefore, investors must be highly vigilant and be prepared to deal with it in advance.
When the price of Bitcoin is close to these support levels, investors can participate in contract trading with a more cautious attitude and a small position to try to gain opportunities for rebound.
However, once the price falls below these support levels, it is necessary to stop loss immediately and leave the market decisively to avoid greater losses.
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