BTC bulls continue to weaken, short rallies, the first target is 8600

BTC review analysisFirst of all, congratulations to all the short sellers. You should have made a profit of more than 500 points at present. You can click here to view the review for the reasons for short selling:

06.12 | BTC bull trap, I will be short if I fall below here!

Today, after the overall decline in the disk, it is in the form of shrinkage at the key support (as shown in the picture above). The long counterattack shows weakness, and the short position can continue to be maintained. The rebound is enough to intervene in the short position. I will first look at 8600 for the target below. The specific reason is live chat tonight !

【Indicator level】

【Q&A】

The hourly Bollinger Bands maintained a oscillating closing pattern after falling. After 15:00 on the 28th, there was a bullish upward trend, but there was no large-scale performance. From the perspective of the Bollinger Bands alone, we can consider the opportunity to go back to the middle track to do more.

1. Where can it fall?

The key position has not been broken yet, so I can't expect to go very far, watch while walking

Regarding the "quilt cover", the behavior behind it is "no stop loss". I will never let this happen, but not everyone can do it. Jiacang Bo rebounded, the support levels are 8900 and 8600 respectively, and the stop loss is placed at 8400. If it falls below, you will all leave the market. Of course, the premise is that you can afford to lose. If not, it is best to stop the loss at the current price and leave the market again.

Mainstream contract strategy

Mainstream contract strategy

ETH

06.29: The range between 9164-8980 fluctuates, selling high and buying low is the main strategy. If the price falls back around 9050 and does not break through, you can intervene in a short order. The follow-up direction is bearish. If you want to turn long, you need to break through 9300

EOS

06.29: 223 can be more stable, just take profit around 228, if you can’t go up, open short with backhand, first look at the previous low

BCH

06.29: The trend is very similar to that of ETH, mainly short-selling, bulls can only maintain short-term thinking, 2.33 can be stable, and 2.398 can be backhanded and short

LTC

06.29: Waiting for the short-selling opportunity of 228, the short-selling target is 218.7 and 213.7 in turn, the short-term price will stagnate in these two places, and the bulls can intervene in a light position to rebound, the risk is greater

XRP

06.29: The current price of 40.91 can be much more, but it is enough to go up to 42 and continue to be empty. The general trend is empty

ETC

06.29: Short at 0.1789, aiming to break a new low