Yesterday, after breaking through 62300, the price of $BTC fell again, and in the early morning, it hit a low of 60000. In the past 24 hours, 87,003 traders were liquidated, with a total liquidation value of $242.59 million. Currently, the price has recovered to around 61000.
Technically, the daily chart has four consecutive bearish candles, and this morning's candlestick closed with a very long shadow, indicating that the buying power is weak! The Bollinger Bands have widened again after narrowing, and the KDJ and MACD are both diverging downwards. The J index is currently showing signs of slowing down slightly, and the trading volume is continuously increasing! The downward trend on the daily chart remains unchanged!
Looking at the four-hour chart, the cryptocurrency price oscillation structure has widened slightly, the Bollinger Bands have begun to narrow, but the trend of the middle line has not changed, the downward oscillation trend has not changed, the KDJ has begun to form a golden cross, the MACD also has a bottom signal, Conan predicts that the cryptocurrency price will have a rebound, so Conan recommends buying when the price falls today, if it does not break through the above level, try selling! Resistance above pay attention to 62500, 63000 and 64200, support below pay attention to 59900 and 59200.
Trading strategy: prioritize buying at 60000-60500, target looking at 61500-62300,
Wish you all a lucky new day
