#BTC 10-8#MarketAnalysis
1. Daily level
The market is relatively weak over the weekend, with small fluctuations. It is still oscillating within a narrow range. Although the price fell below 28,000, it has little impact on the overall daily trend, and it is still an upward trend.
At present, the resistance above the box is still around 28700. I have reached this position many times and encountered resistance and fell back.
The lower support remains unchanged, and the large-level support is at 26000 25000
Small level support is at 27500 27100
2. 4 hours level
At the 4-hour level, a pattern of multiple needles has formed above, and the resistance above is still very obvious.
From the picture, you can see that the current price is running near EMA20 and has fallen below EMA10. The short-term rise is weak and relatively weak.
Under the current situation, it is recommended to be conservative and wait for the market to come out.
3. Short-term strategy
The short-term strategy is the same as yesterday. When the daily trend has not changed and the short-term support has not fallen below, there are still two ideas.
1. You can consider going long at the support level, such as 27500 27100. If it effectively falls below the current support, stop the loss. The first target is near the previous high of 28400.
Second, you can also consider making a breakthrough, that is, effectively breaking through the box resistance level of 28700, going long with the trend, and considering two ATR (fluctuation units) for stop loss, around 590U, that is, around 28110
1. Daily level
The market is relatively weak over the weekend, with small fluctuations. It is still oscillating within a narrow range. Although the price fell below 28,000, it has little impact on the overall daily trend, and it is still an upward trend.
At present, the resistance above the box is still around 28700. I have reached this position many times and encountered resistance and fell back.
The lower support remains unchanged, and the large-level support is at 26000 25000
Small level support is at 27500 27100
2. 4 hours level
At the 4-hour level, a pattern of multiple needles has formed above, and the resistance above is still very obvious.
From the picture, you can see that the current price is running near EMA20 and has fallen below EMA10. The short-term rise is weak and relatively weak.
Under the current situation, it is recommended to be conservative and wait for the market to come out.
3. Short-term strategy
The short-term strategy is the same as yesterday. When the daily trend has not changed and the short-term support has not fallen below, there are still two ideas.
1. You can consider going long at the support level, such as 27500 27100. If it effectively falls below the current support, stop the loss. The first target is near the previous high of 28400.
Second, you can also consider making a breakthrough, that is, effectively breaking through the box resistance level of 28700, going long with the trend, and considering two ATR (fluctuation units) for stop loss, around 590U, that is, around 28110
