12.18 Chen Fei Talks Currency
The price of Bitcoin reached a peak around 108,000, after which it began to decline. Currently, the market has formed five consecutive downward candles, and the lower band of the Bollinger Bands is continuously breaking down. The middle band is clearly moving downwards, indicating a strong overall bearish trend. The KDJ indicator shows a downward movement in the bullish zone, and the MACD's bearish trend is also gradually increasing in volume. Therefore, it is recommended that everyone continue to operate short positions on any rebounds.
Bitcoin (BTC)
Direction: Short Position
Limit Price: 104800~105000
Take Profit: 104000~103500
Stop Loss: 105600
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