12.8 Chen Fei discusses cryptocurrency

Bitcoin started to show a fluctuating market over the weekend. The Bollinger Bands are generally opening upwards, with the middle band forming a two-day upward trend. However, there is clear resistance above, and the MA moving averages are also trending downwards. After touching the upper level, the market began to decline. The KDJ indicator is showing a downward trend, and the MACD bearish trend is also slowly expanding, so it is suggested that everyone can continue to short on a rebound.

Bitcoin (BTC)

Direction: Short

Price Range: 100200～100500

Take Profit: 99400～99000

Stop Loss: 100900

Daily real-time analysis and operations, rejecting all false information, steadily grasping every trade. An 8-year experienced analyst is steering you through, trading has no difficulties. Everyone is welcome to like and follow, but investment carries risks, and caution is required when entering the market. Profit and loss are your own responsibility!

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