Bitcoin closed with a mid-yin line yesterday, and the price entered a cooling stage. Since the dealer continued to oscillate and sell at a high level after the rapid rise, everyone saw that the price would not fall below the support too quickly to form a parabolic decline. From the details of the hourly line, the current support of Bitcoin is around 24,000, which is the sideways position after the second stage of the rise. The chips here have been converted for more than ten hours, so there will be relative support. At the same time, there are more than 2,000 points from the top of 26,386, and there is a certain amount of buying in the market. Of course, since there is buying, the dealer still has to take advantage of this support to grind for a while. From the perspective of this short-term fluctuation, the upper pressure is usually around 25,000. That is, the price appeared a high level of rapid upward fluctuation after the opening of the US market last night, but it was not able to last. It was just a small wave of inducement, and then continued to sell. Therefore, more conservative traders are advised to continue to wait for short opportunities around 25,000. At the same time, there are many current market conditions for the Medal, which will see a large downward adjustment, and it is expected to be implemented within 48 hours. I hope everyone will be prepared for risk hedging. For more details, please pay attention to the Medal.
It is recommended to wait for entry at 25000-25200 for BTC short orders, participate in the cover order at 25800-26000, stop loss at 26400, short-term take profit at 24100, 23800, medium-term take profit at 22000, 21000, 20000;
It is recommended to wait for the entry of ETH short orders at 1670-1680, and participate in the short order at 1720-1730, with a stop loss of 1750, and the short-term take profit is 1630, 1620, and the medium-term is 1570, 1510;
Tip: It is recommended that everyone conduct a comprehensive clearance of spot goods
A must-read for cryptocurrency lovers: The cryptocurrency market requires highly professional knowledge and comprehensive information analysis. If you deal with it alone, you are easily affected by emotions and end up with more losses than wins in the long run. Welcome to follow Medal to help you stand high and pursue cryptocurrency wealth from a professional perspective!
