Monday morning Bitcoin market analysis

From the technical structure, yesterday, the 92000 line was under pressure for the second time. Combined with the daily chart, there is a need for correction. In the short term, it may be partially stepped back. The previous high point is used as a defensive point for consolidation. In the short term, try short-term shorting to see a retracement. Pay attention to the support of the rising trend line near 88000 below. Close to the support, see whether it is stable or broken. The short-term is currently in a correction or consolidation correction. Short-term operations are combined with the hourly chart pattern to determine the interval high and low. Continue to treat it with a shock idea, and adjust the idea after breaking.

From the four-hour trend chart, yesterday was accompanied by repeated highs and falls, but the late highs still recovered and fluctuated within the range. At present, the upper rail is still suppressed. Today, we still pay attention to the high point of 92000. If there is no strong breakthrough, there is still reason to fight for short-term shorting at a high level. The short-term support below is around 88000. Keep the support of the low point of the decline and continue to be low. In the large fluctuation base market, the target is combined with the pattern to respond flexibly. The short-term idea in the morning is to treat it with shocks, and continue to participate in the high and low in the interval to avoid repeated sawing. If the upper side breaks strongly, then follow up later in the day based on the pattern.

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