In-depth analysis of Bitcoin’s morning market
In the daily trend chart of Bitcoin, we observe that after experiencing a significant negative pullback, the market seems to have ushered in a short period of respite, but this has not changed its overall weak operating trend. From a more detailed perspective of the four-hour chart, the Bollinger Bands are like a giant slowly opening network, diverging downward, indicating gloomy market sentiment and heavy pressure.
The K-line alternated between yin and yang, as if it was a silent contest, but in the end, a striking red solid pillar once again firmly held the dominance of short sellers in its hands. New low records were constantly set, and the fragility of the market was revealed. Nothing left. Under such an extremely weak market structure, the power of rebound seems so pale and feeble, as if it is shrouded in heavy haze and difficult to penetrate.
Therefore, faced with such a situation, we should remain calm and prudent in our morning operations, continue to adhere to our high-altitude operating ideas, and not be shaken by short-term fluctuations.
Specific to the operation recommendations on Friday morning, we tend to look for short-selling opportunities in the Bitcoin price range of 62,000 to 62,500, while the target price can be locked at the more stable 61,000 to 60,500 line.
