If you don't go through the storm, don't expect to see the rainbow. If you want to be strong and unyielding, you must be unyielding. All causes and effects are given by yourself in advance. #BTC、
Yesterday was the beginning of a new week. The market consolidated and repaired upwards during the day. It fell weakly in the late trading and finally bottomed out near 62250 to repair and warm up. The overall rhythm was in the continuation of the short position after the peak, but the changes are still the same. Nothing is achieved overnight. Everything is carried out step by step. Today, we will focus on repair first, and then go short.
From the technical structure, in the daily level, the price is under pressure and falls to open the downward channel. The price runs on the lower track. The short volume is arranged in entity. The moving average turns downward consistently and has gone out of the moving average. The trend has been significantly transformed, and the short position has an overwhelming advantage.
In the four-hour level line, the running channel forms a downward state, the price is under pressure and the middle track is repaired, the long volume cannot be maintained and released to short, the moving average is weak and roundabout, and the small cycle is repaired after the decline. The short-term consolidation rises, but there is no strong rebound. In terms of thinking, we will first go long at a low level, and then participate in shorts when the high level is under pressure.
In terms of Bitcoin operation, I personally recommend 63000-63500 area, and the target is 64300-64800
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