I got a short Bitcoin order before the holiday, so I must have stopped the loss. It’s true that I haven’t read the market in the past two days. Holidays should be like holidays. There is no need to go to places that are too far away. It is really too crowded, but get closer. It is still necessary to take the family to visit places and experience the prosperity of the motherland together. Since the order was lost, it is no longer possible to continue the leisurely vacation. Lao Yu returned to his job and began to watch the market life, looking for Just take part when you get the chance. The gain or loss of one or two orders does not matter!
The current price of Bitcoin is at 28,000, which is recovering from shocks. The daily level closed with two positive lines on Saturday and Sunday. On Sunday, a big positive line broke through the suppression of the upper Bollinger Band. KDJ and MACD are also currently in a bullish trend, and there is no heavy volume. Or the bulls may have insufficient attenuation energy. The weekly K level is even higher than the Bollinger Middle Rail. After all, it has not broken through the suppression of the Bollinger Middle Rail for 6 consecutive weeks. The current price is running closely above the middle rail. Whether it can be used as a support as a starting point to move higher, this remains to be seen. Time will tell, after all, it’s only Monday. Looking at the short-term 4-hour level, the Bollinger Bands are wide open, the price is above the upper Bollinger Band, and there is no obvious pullback signal.
This wave has fluctuated upward since hitting the bottom of 24900. Although it took three steps and then turned around, constantly luring the bulls and luring the bears, washing the longs and washing the shorts, it still went up step by step and reached 28000. The price of 28142 on 8.30 is a recent high. Of course, if we look further ahead, the recent high that has surged and fallen is the 31800 line on July 13th. What Lao Yu wants to express is that 28200 is the first pressure level at present. If the price is strong and there is a big positive line to pull it up, or After the shock is repaired, there will be a small decline, and then it will rise for the second or third time. This will take time to verify. There is a high probability that there will be no more movement in the white market. It has already exceeded 1,000 points in the morning. It is not recommended to directly chase the long position of Bitcoin at 28000. After all, the previous high here was 28100 and then fell back, and then went all the way to the bottom of 24900. If you are bullish, don’t chase the long position. Wait for a retracement before jumping in. Duo, depending on the strength of the retracement, opportunities are waiting for you! Retrace 27700 and 27400 to participate in the long position!
Strategy: Retrace 27700-27400, target 28200-28700-29200, defend 27200
The above is only my personal opinion. Investment is risky, so be cautious when entering the market! #BTC $BTC
