Good morning, friends in the cryptocurrency circle! Here is your band goddess ~ Man Shuang! Over the weekend, the Bitcoin market continued to fluctuate around high levels, and the market dynamics of the big cake market showed a stable range adjustment. The price rebounded after receiving support in the 63,500 support area, and encountered pressure after touching the 64,550 resistance level, and failed to achieve further breakthroughs. Subsequently, the market entered a trend of weakening momentum and adjusted back to the high level consolidation stage.
There are two possibilities for the current trend of Bitcoin. First, 65,000 peaked in the short term and the callback continued, so today's rebound can be shorted again. Second, yesterday's decline was a retracement, and today it turned strong again, and challenged the possibility of 65,000 to stand firm again. At present, both possibilities are available. During the day, I personally suggest focusing on the 65,000 line suppression. If this suppression is maintained, there is still hope for another correction and decline. Once the 65,000-66,000 line is broken, it will be considered that the adjustment is over and it will turn strong. In terms of operation, first pay attention to the short-selling opportunities below 65,000, because from the current technical trend, the 1-hour level has obviously entered the divergence stage. The short-term top may have been formed, and there is still a possibility of decline, at least there is a callback in the rebound pressure area.
Monday morning direction and operation suggestions:
Big cake; short around 64,800-65,000, Ethereum is short around 2,800, then, the retracement strength can be seen at 63,000-62,000, Ethereum can be seen at 2,700-2,650!
If you are currently confused about the operation and have no direction, you might as well pay attention to Man Shuang and try it. I can give you a perfect plan, the best suggestions, and a set of trend corresponding methods, and finally execute them to achieve a turnover.
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