Coal prices have soared, with profit margins reaching nearly 2,000 points! How do investors seize opportunities? #BTC.😉. #ETH✅
The recent price of coal is really eye-catching. It has returned to the position of 71,500, and the profit margin in the middle is nearly 2,000 points. When it comes to Bitcoin, everyone may be more concerned about it. Today we will focus on Bitcoin’s daily line to see if it can hold its position at 69,600. In the morning, the price made a correction. You may be thinking, will it rise by 5,000 points in one day like before?
However, let's look at it from a technical perspective. The overall technical indicators seem to be a bit bearish. Look at the macd in the attached picture, its long position is slowly shrinking; and the kdj has been at a high level for some time. However, we can't just look at the technical aspects on the daily line, we must also consider the overall atmosphere of the market, such as whether it is a bull market now and whether the price difference is large.
Therefore, I suggest that everyone be more prudent and go long when there is a correction. You can first keep an eye on the 69600 position to see if it can be stable. If you are more conservative, then 59,000 is also a good choice. You can place an order here and wait for the opportunity to counterattack after the price retraces rapidly.
Looking at the four-hour short-term, the price is currently in the boll rising channel, and the boll opening is also running. If it goes up in four hours, just focus on the 70700 position. In the macd in the attached picture, after the long-short conversion, the fast and slow lines formed a dead cross at a high level and began to diverge downward. This shows that on the four-hour line, the price has a need for retracement support.
Generally speaking, when Bitcoin pulls back, we still mainly place long orders. However, investment is risky and you need to be cautious when entering the market. You should still act according to your own situation and don't blindly follow the trend.
The violent bull market is coming, and walking alone is lonely. The God of War small circle welcomes everyone to join, work together, and get rich together!
