Yesterday's Bitcoin Market Review and Analysis

Yesterday, the Bitcoin (BTC) market experienced a turbulent market, falling below the $66,000 mark several times and once bottoming out at $65,139. ​​Despite the turbulent market, precise operating strategies helped us achieve good returns amid the fierce fluctuations.

Precision Strategy Review

In yesterday's market analysis, we suggested going long in the range of $65,100-65,300. As expected, Bitcoin gained support in this range and rebounded quickly. In the end, we successfully stopped profit at the $67,000 mark, making a profit of more than 1,800 points. Although we failed to seize all the profit space, "locking in profits" is the only way to invest, and ensuring stable returns is the long-term way.

Future Outlook and Strategies

We will continue to maintain keen market insight and adjust strategies in a timely manner to seize more market opportunities. The future market may continue to fluctuate, but through scientific analysis and strategies, we believe that we can achieve greater returns in the next market.

Investment experience

Behind every successful transaction, we can’t do without in-depth analysis of the market and precise execution of strategies. I hope that everyone will continue to remain rational and calm, operate prudently, and proceed step by step in future transactions.
BTC one-hour chart
 

Bitcoin Market Technical Analysis and Trading Strategies

Based on the Bitcoin 1-hour chart, we can conduct a detailed analysis of the current market conditions and provide investors with accurate trading suggestions.

technical analysis

MACD indicator

  • The DIF line is above the DEA line: it shows the possibility of a rebound in the short term, but the histogram is still green and gradually shrinking, indicating that the rebound is limited.

KDJ indicator

  • The K line and D line are hovering at low levels: there may be signs of a rebound in the short term, and the J line begins to turn upward, further verifying this.

Bollinger Bands indicator

  • The price is running near the lower track of the Bollinger Band: the Bollinger Band begins to close and the market volatility decreases, suggesting that there may be a volatile market or a small rebound afterwards.

Comprehensive analysis

Although Bitcoin is still in a downtrend in the 4-hour chart, the signals from KDJ and Bollinger Bands show that there may be a rebound in the short term. In the 1-hour chart, although the overall trend is weak, the changes in the MACD and KDJ indicators indicate that the market may have a short-term rebound.

Trading Advice

Based on the above analysis, we provide investors with the following trading strategies:

Suggestion 1: Go long

  • Entry point: $64,430

  • Target point: $65,300-65,800

  • Stop loss: $64,000

Recommendation 2: Short Sell

  • Entry point: $66,000

  • Target point: $64,400-64,000

  • Stop loss: $66,500

Summarize

The current Bitcoin market shows the potential for a short-term rebound, but the overall trend is still weak. Investors should operate with caution and pay close attention to the changes in MACD and KDJ indicators to seize the market's rebound opportunities, while setting stop-loss levels to prevent unnecessary losses.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!

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