Master Chen 5.8: Short-term long-short pre-positioning has accurately won the first support to open the downward channel? #BTC走势分析 #BTC

BTC 4 hours:

The current price of Bitcoin is stable at around $62,000 in the absence of positive market conditions. Because there is no significant good or bad news, the market is moving sideways and volatility is decreasing.

From a macro-level analysis of the market, Donald Trump's possible return to the presidency, including de-dollarization and other factors, will have a relatively positive impact on Bitcoin.

In addition, according to the Bitcoin chart, it still fails to break through the downward trend line, causing the support level to also decrease. Without further good news, Bitcoin price may slowly decline after the shock.

The short-term first resistance level can be referred to $63,760, and the second resistance level is $64,550. If the current price can form a higher low and close on the rebound, then Shiye believes that the possibility of breaking through the first resistance will be greatly increased.

Therefore, when the price of Bitcoin reaches the psychological resistance level of $64,000 in the later period, there may be a short-term adjustment, and we can regard the first resistance as an appropriate profit-taking area for long orders.

According to Shi Ye’s analysis yesterday, Bitcoin has exceeded the 120-day moving average, which also increases Shi Ye’s short-term bearish view on Bitcoin.

The first support level is $62,160, and the second support level is $60,250. First of all, the first support level is also the low formed yesterday, so if it falls below, Shiye will maintain a bearish view.

At the same time, you can also pay attention to the support of the 60-day moving average. If it falls below, it will open a downward channel to $61,000. In addition, after Bitcoin failed to test the high point, the low point of Bitcoin is also lowering. Therefore, the first support and the 60-day moving average are the areas where the price must maintain support during the rebound.

In today's trading, as the chart shows Bitcoin rebounding after falling, Shiye will maintain his view of a short-term rebound. The first support and the 60-day moving average will also be regarded as key supports and regarded as areas for technical rebound. But if there is a big negative line on the K line and falls below the support, then the master will also change his mind to bearish.

5.8 Master's short-term pre-buried orders:

Long entry reference: 61800-62200 range, long in batches, defense 500 points, target 62900-63700

Short entry reference: 63000-63400 range, short in batches, defense 500 points, target 62200-61800

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