Market Review
The 65800-66200 high-level short orders of Bitcoin on the 20th were accurately predicted, and the high-level short orders were successfully won by more than 800 points. Congratulations to those who followed the actual combat. At present, the daily level of Bitcoin has stabilized and fluctuated at the 64800 level.
technical analysis
Daily chart
Trend: Bitcoin price fluctuates around $64,800.
High pressure: has moved down to around $65,600.
Support Level: The $63,200-64,200 area may be tested at any time.
Four-hour chart
Trend: The price failed to break through the downward trend line three times and entered the boll down channel again.
Upside resistance: around $65,500.
Support level: $63,500.
One-hour chart
Trend: Prices are falling in the range of $65,300-64,000.
Support level: around $64,500, there are no obvious signs of overall stopping the decline.
Recommendations
Robust Strategy
Short on rebound: Place short orders in the $65,500-65,800 area, set the stop loss at $66,200, and the target is $64,500-64,000.
Aggressive Strategy
Short-term follow-up: Short on rallies around $65,000, with stop loss set at $65,500 and target at $64,000.
Summarize
Bitcoin is currently fluctuating around $64,800, and the high pressure is constantly moving down. In the short term, the support of $63,200-64,200 may be tested. It is recommended to continue to short during the rebound process, while maintaining flexibility, paying attention to changes in market trends, and ensuring stable operations.
