Analysis of Bitcoin 10.10 White Plate
Sure enough, you need to be cautious about going long in the first three days of each week, as it is basically dominated by shorts. The 62,000 long position given yesterday and the defense of 61,350 were also damaged. The price of the currency fell to 60,200 last night, almost falling below the 60,000 mark.
As mentioned above, basically the first three days of each week will close with a negative, so we can safely arrange long positions later. Moreover, at the current position of Bitcoin, only long positions can be made. Going short is too dangerous, after all, it has fallen so much.
And from the one-hour market, it can be seen that the price of Bitcoin has clearly shown signs of bottoming out and rebounding after touching the lower track of the Bollinger Bands. The short energy column below the MACD double line has also become a long energy column. At the same time, the KDJ indicator also has a three-line crossover and an upward trend. Combined with the above signs of rising, it can be concluded that Bitcoin will rise on October 10, Thursday.
In the 4-hour market, the price of Bitcoin also went positive after touching the lower track of the Bollinger Band. Although the energy column below the current MACD double line is still dominated by shorts, the KDJ three lines have changed, and will start to rush upward after the three lines cross.
It has been said before that it is difficult for Bitcoin to go out of a single side without the addition of various data releases. At present, it will fluctuate in the range. I have told you before that 65,000 will be the top and 59,800 will be the bottom support of the range. Wait for it to break and then follow that direction. If 65,000 is broken, then 73,800 will no longer be a new high. If 59,800 is broken, then it is ready to start at 4.
Bitcoin is more around 60,200-60,600, the first target is still 62,800, and the second target is 63,200. Stop loss 59600
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