On Monday, the crypto market was sold off again, including Bitcoin and other cryptocurrencies, which fell further. According to market news, the price of coins retreated one after another. The main reason was that a large number of traders took profits after Trump issued the cryptocurrency order. We gave a direct short position at the current price of 100,500 in the afternoon. The price of the coin continued to fall below the 100,000 mark in the European session and hit the 97,600 line. Congratulations to the iron friends who followed the idea for nearly 3,000 points of space. At present, from the perspective of technical indicators, Bitcoin is currently in a complex state of oversold and overbought forces. In the long run, the market bulls have accumulated certain advantages in the past rising market, and there is a possibility of continuing to break upward technically; on the other hand, the overbought state also means that there are more short-term profit-taking orders, which triggers profit-taking and leads to price corrections. Although the price of Bitcoin is expected to continue to rise in the future, in the short term, due to selling pressure and macroeconomic uncertainty, potential changes in policies and technical adjustment needs, the price of the currency will frequently fluctuate violently in the near future. At present, the global economic data is not performing well and there may be major regulatory policies in the future. The price of Bitcoin may further correct in the short term. Therefore, in the short-term thinking, before the currency price fails to confirm the bottom signal, it is still mainly rebounding and shorting!
On Monday night, Bitcoin can still continue to short in the rebound area of 101000-101500, and the target of 96600 remains unchanged! Ethereum is currently fluctuating around 3100. It is expected that the rebound will not be too strong. If there is a slight rebound, you can directly intervene in the short order. First look at the 3000 integer mark, and continue to look at around 2900 if it falls below! #加密市场回调
