Bitcoin continues to consolidate at a high level, will it fall for a long time, will it be an opportunity for short sellers to break out?
At the beginning of the article, I would like to say sorry to friends who follow Yitian. Recently, the market has fluctuated violently, and the market is changing in real time. The real-time performance of the article is relatively poor, and it is mainly based on dynamic release and video explanation; After a sharp drop of 1,700 points and a rapid rise of 1,000 points, the market has been consolidating in the range of 11,000-11,400. As time goes by, the longer the consolidation, the more powerful the market will be to turn short. Is it an opportunity for a short burst?
Let’s take a look at the daily analysis of Bitcoin:
Let’s take a look at the daily level first: With the formation of a “golden cudgel” negative line on August 2, the bitcoin market has consolidated around 111200 in the past few days, and the upper and lower edges of the box are 11400 and 11000; the current BOLL channel continues Opening upwards, each moving average has risen one after another, but with the consolidation of the past few days, the yellow MA5 daily moving average (11300) has begun to flatten, suppressing the current Bitcoin market from above, and the lower support is at the blue MA10 moving average (11000); The MACD fast-slow line of the energy indicator below is running above the zero axis. With the reduction of the energy of the bulls, the fast-slow line has hooked downwards, and there are signs of continuing to form a high-level dead cross. On the whole, Mr. Yi Tian (aphz8705) believes that the daily market It is necessary to focus on the support level of the blue MA10 moving average. If this support level is broken, the market will reverse and go short!
Bitcoin daily operation suggestions:
Bitcoin daily operation suggestions:
Bitcoin rebounded to the 11350-11450 area, it is recommended to enter the short position, the stop loss is around 11600, and the target is to look at the 11100-11000 range!
Bitcoin goes down to the 11000-11100 area, it is recommended to enter long orders, stop loss around 10800, target 11350, break the position and continue to look around 11500!
