Yesterday, we analyzed the BTC market and found that the closing of the daily line is more important. If the closing is not good, there may be a risk of falling.
Then the closing of last night was indeed not ideal. The cross needle appeared again, and there was no strong breakthrough signal when it reached nearly 60,000 US dollars, so it was still in a downward trend. Then we have to prevent the risk of falling again, especially if the price falls below 56.6k again. If the volume falls below it, this round of rebound will fail for the bulls.
The trend formed at the hourly level is similar to the downward trend after the previous consolidation. Both have 2b false breakthroughs. After the subsequent market fell and the trend line could not support it, there was a market crash.
So if BTC falls below the trend line in large volume, everyone can consider operating a short position in line with the trend. Partners who do spot can also do hedging to avoid losses caused by the continuation of the downward trend.
This is today's strategy. The content is for reference only. Pay attention to investment risks!
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