In the currency market, it is better to worship the wrong god than follow the wrong person. As the saying goes, "you must learn from the past mistakes"! Go out with the goal and come back with the results. Short selling ideas continue to be given at midnight and early morning, and the market is also very In line with expectations, Bitcoin was short after more than 1,400 points in the early morning, followed by another short position in the morning, and entered the warehouse again at 750 points at noon.
The short-term overall trend is very clear. After hitting the low point, the currency price went up slowly. The trend structure is still relatively clear, showing a weak trend trend. It failed to form a rebound and continued to rise, indicating that the short-term market is still restrained by short sellers. Therefore, the overall trend is still weak. The upward rebound of Bitcoin at midnight was blocked near 57300, forming a short-term suppression. Therefore, the short-term focus is still on the weak side.
Current market situation: After the daily Yin closed lower, the market continued the short trend in the morning and dipped again. The K-line is still under pressure below the moving average, and the short trend remains unchanged. In the morning, the currency price returned to the 54200 line and then rebounded, but the strength was not strong. The 4-hour MACD fast and slow line maintained below the zero axis. The DIF and DEA double-line bonding showed signs of death cross again, and the short kinetic energy was increasing. It is an obvious weak rebound link. The currency price is currently running at the 55800 line, which has basically reached the vicinity of our expected short selling area. In the short term, there are signs of pressure and the bears will continue to follow up!
Evening thoughts: Bitcoin rebounds in the 56500-57000 area and continues to be empty. Focus on the 54000-54600 area below. The Ether 2980-3030 area is empty, and the following focuses on the 2800-2850 area.
All strategies are given in advance, and all the same names on the entire network are well-documented! Say no to hindsight!