BIO Market Analysis
From the K-line, the market has already experienced two waves of decline. From the perspective of the pattern, there is no obvious stop-loss or reversal signal. Judging from the decline, the first wave fell by 27%, and the second wave fell by 32% (pin state). At present, taking advantage of the BTC downward trend, the market is smashing the market, so the price has also fallen. From the MACD analysis, it is about to make a second dead cross below the 0 axis, so the market is still likely to fall. Wait patiently for the MACD to appear a golden cross signal. It is expected that the price will fall again to around 0.53 (pin). Cutting MACD and the market diverge, the market turnaround will appear immediately, and you can choose to go long after the market stabilizes.
Summary: Multiple indicators show that the market has fallen to the bottom area. At present, the small level is waiting for the market to stop falling signals, and the large level is waiting for the entry signal. The market outlook is bullish in the short term.
Opening position: 0.53-0.54, stop loss: 0.51, take profit 0.58; take profit 2: 0.595.
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