Although the price of Bitcoin has been strong today, it has not successfully broken through the historical high, thus forming a large downward trend!
The overall market trend in the afternoon was volatile, with a weaker rhythm and stronger sentiment.
The price formed a sharp downward trend in the afternoon, and the weak sentiment was alleviated after the price reached a low of 65021!
Although the bullish thinking in the morning was swept out, we were able to seize the downward trend in the afternoon and successfully cut 1,067 points!
Then he went long in time at the low level of 66,500 and gained more than 1,350 points again!
In recent times, the control of the market and the pace of real-time operation are generally quite powerful.
The specific layout of the stone plate within the day is as follows:
First Dan: Bitcoin entered long at 67783, and was swept out at 67428! Xiaosun 355 points!
Second Dan: Short Bitcoin at 67503, sell at 66436, cut profits by 1067 points!
The Third Dan: Buy Bitcoin at 66509, sell at 67865, cut the profit at 1356 points!
The morning thoughts are as follows:
As far as the current rhythm is concerned, at the four-hour level, the strong decline of intraday prices has also ended the bullish trend.
The recent bullish trend is too strong, so a sharp decline is more reasonable.
The general trend has not changed much at present. Moreover, the bulls have been relieved after the price fell.
The support below is still around 64500 at this stage. If this area is not broken, we still need to be cautious when shorting in the future.
The decline during the day is just a test of the support below, and everything is just a prelude to a substantial pullback in the future!
So in the early morning, we should just follow the general trend and go long!
Personal suggestions for early morning operations:
Bitcoin: Direct long in the 68500-68200 area, target 69500-70000.
Just synchronize your thoughts with Ethereum, but be cautious when operating. Remember to be defensive when doing Dan! #BTC #ETH #牛市进行中…
