Master Chen 5.7: Bears take advantage of the trend and pay attention to key trend line support #比特币减半完成 #btc走勢 #比特币盈利 $$$$$$
BTC 1 hour:
Yesterday, the U.S. Securities and Exchange Commission (SEC) filed charges against Robinhood, a virtual asset and stock trading platform, for possible violations of securities laws. And predicted future legal sanctions, the market reacted poorly to this and regarded it as bad news.
However, from the perspective of technical analysis, Bitcoin is facing short-term trend line resistance while maintaining long-term trend line support. Because Bitcoin did not fall below the bottom of the box, but raised the low point of the long-term trend line, we can still maintain the view of rising in the short term.
The first resistance level of the day is $63,900, and the second resistance level is $64,400. If the price breaks through the first resistance, then we can expect the price to test 64,000 again. But at present, we need to pay attention to whether the price raises the low point and ensure that there is a rebound if the support strength is effective.
In addition, if Bitcoin breaks through the high of 64,400 again, there is a great possibility that it will test 65,000.
The first support level is $63,400 and the second support is $62,900. If the first support can stabilize the high point during the rebound, the bullish view can still be maintained in the short term. Since the second support is the bottom of the box, we can set it as the key support.
However, if the price falls back to the second support again, it will mean breaking the long-term trend line, so we will need to switch to a bearish mindset.
In today's trading, we will keep observing the long-term trend line and maintain the rebound view in the short term.
However, due to the current lack of trading volume, the master will look for short-term long opportunities near the resistance zone. And pay attention to trading volume and price fluctuations during the breakthrough, and then re-plan the trading ideas.
5.7 Shiye short-term pre-buried orders:
Long entry reference: 63000-63400 range long in batches, defense 500 points, target 63900-64400
Short entry reference: 63900-64300 range short in batches, defense 500 points, target 63200-62900
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