2.23 Bitcoin’s daily line crosses, is the plunge about to begin? 52k suppression is complete! The risk of downside increases!

Bitcoin market analysis:

, we have continued to give you a bearish view in recent days. There may be a big plunge in the near future, but I don’t know whether it will be today’s one, because Bitcoin is actually running a shock box above. The body may also trade time for space to wait for the indicator to be repaired.

However, BTC failed to break through 52k last night, and the signs of decline showed further, so the decline may be at the next moment. This is also the benefit of us planning in advance, so we do not worry about being short.

At the 1-hour level, the price and indicator KDJ are in a top divergence state, and there are signs of increasing trading volume supply, so 52k has formed a suppression, which can be used as a short entry point.

If you want to break through, you must carry out a large amount of long positions to release v and reverse upward. Such a situation means that the short positions at the top are too heavy, and the short positions will be further hunted before the correction. At that time, there will be a pull-up and a decline. trend.

Then today, the daily macd indicator also showed a dead cross. It can be seen that the closing of the shadow line in the previous two days has not exhausted the supply. If it cannot close above 52k during the day, it will be a matter of time before the support falls below.

It can be seen that we can still hold on to the short position, rising is the process, falling is the destination!

This is today’s strategy. The content is for reference only. Please pay attention to investment risks!

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