12.13 Chen Fei Talks Currency
After the bullish rise of Bitcoin, it is now beginning to retrace to the lows. After touching around 99300, the bullish market has formed a support level at the lower Bollinger Band and is rising. The bullish market is gradually recovering, but the lower support level is still insufficient. A retracement is needed before re-establishing long positions at the bottom. The KDJ indicator for bulls is beginning to touch the bottom position, so it is recommended for everyone to consider entering long positions after the retracement.
Bitcoin (BTC)
Direction: Long Position
Pending Price: 99000～98700
Take Profit: 99700～10000
Stop Loss: 98400
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