What will the future market look like? Let’s review last week. Bitcoin has experienced a turbulent market. It surged from around 34,500 to around 35,980, and then fell back to around 35,000. The overall closing price was a small positive line as the K-line trend for the week.
This week, the big cake showed a reversal signal, and the power of the long and short sides in the market is changing. At the same time, we can see that the moving averages are in a bullish arrangement, which is a positive signal for the bulls. However, it is worth noting that the gap between the moving averages is large, which means that the market needs some time to accumulate power.
Bitcoin operation suggestions:
High-altitude and low-multiple strategies
For today's Bitcoin operation, we still stick to the idea of high short and low long. Around 35100, we can try to short and place orders at low levels, waiting for the emergence of the needle. The first key position is in the range of 34000-32000.
In summary, today's Bitcoin market is dominated by low-long, but we should pay attention to the key position of 34,000. When operating, remember to follow the principle of "average bet and average position". At the same time, we should remain vigilant in the altcoin sector and not be greedy. It is a wise choice to stop when we see good results.
