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Good morning, everyone. The market of Bitcoin is very tense. Bitcoin keeps drawing doors. The liquidity is poor. Isn't this a dog dealer's way of cutting leeks?
Yesterday, the Bitcoin market first rebounded around 61,400, and then the bulls were under pressure and moved downward in a weak position. The lowest price was around 58,500. The market rose and fell, but did not form a unilateral continuation trend. It remained in a state of pulling, and the main rhythm was a wide range of fluctuations. The small cycle high position was not stable enough, but it fell back without bottoming out. Entering the repair upward short-term shock bottoming sentiment is strong, but the rebound strength is weak, showing further downward demand. From the technical 4h chart, the three lines of the Bollinger Bands are shrinking and flattening. The K-line oscillates and rises directly to break the upper track line, but after touching the 61500 pressure level, the bulls did not stabilize and continue to move, but fell back under pressure to directly recover the previous increase. The rhythm is obviously a wide range of shocks. There is no doubt, so you must be flexible in operation and don’t blindly pursue unilateral market conditions. Try to arrange compound interest around the range.
Morning operation suggestions are 59400-800 near empty, look back at the 58800-57800 area without continuation to go long and look for rebound.
