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Bitcoin shorts are strongly suppressed, and the price is about to go down

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This article is about 823 words, reading the full article takes about 2 minutes
Bitcoin shorts are strongly suppressed, and the price is about to go down
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Bitcoin shorts are strongly suppressed, and the price is about to go down

【Today's Information】:

Africa has become the second largest Bitcoin P2P trading market

【Market review】

【Market review】

[market analysis]:

[market analysis]:

Looking at the daily line level of Dabing, after Changyin fell below the middle rail of the Bollinger Band on the 1st, Dabing has been under pressure for more than a week. The 0 axis is close to each other, and the volume of transactions is shrinking. Overall, there is a greater probability of market changes, and attention should be paid to the arrival of extreme market conditions. In view of the narrow range of fluctuations within the day, the downward trend is generally greater than the upward trend. In terms of operation, the resistance level is mainly high-altitude, and the strong support level is supplemented by long positions. Remember to control positions and leverage, do a good job in capital management, and do a good job of stop loss defense .

Looking at the short-term four-hour chart, the Bollinger Bands keep opening downwards, and the price is in the middle and lower rails, and it keeps approaching the lower rails. There is a possibility of a short-term downward trend. In the follow-up, we will focus on whether the support at 9240 can withstand the upper offensive. If not, the price will go down further to around 9100. If it can be resisted, the decline will be temporarily eased, but it will not dissipate unless the price can return to the key position of 9400. To sum up, the overall trend is a downward shock, the operation is recommended to be high-altitude, and the upper resistance should focus on the suppression of 9400-9450.

[BTC operation strategy]: 1. Short order near 9350-9450, target 9200-9000, stop loss 9550. Second, buy more orders near 9150, target 9350-9400, stop loss 9000.

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