Bitcoin Market Analysis: Continuing Range Shock, Can the Bulls Continue to Attack

Yesterday, the price of Bitcoin hit the first-line position of 11489 and fell under pressure at noon yesterday. Afterwards, the price of Bitcoin remained within a narrow range of 11280-11420. The daily line received a K-line with a solid positive line yesterday. The range shock is still continuing this morning, and the current bitcoin market is hovering around 11300.

BTC market analysis: In the daily chart, the opening of the Bollinger Bands is upward, and the Bitcoin market is already standing above the upper track of the Bollinger Bands. Today, the short-term suppression above the 11,500 line, followed by the 11,577 line. The long position on the daily line can continue to be released, and the short-term support level is at the 11800 line, followed by whether the long and short positions are reversed.

In the short-term 4-hour chart, after a three-stage step-up, the Bollinger Bands are currently opening upwards as a whole, and the moving average is in an upward posture. Currency holders (btc068068). The MA5 daily moving average and the MA10 daily moving average have a bonding trend, and the long position below can continue to be released. The fast and slow lines are slowly approaching above the 0 axis. The CCI has just entered the wait-and-see area and can enter the overbought area at any time.

Suggestions for BTC operation:

1. When the market is near the 11260 line, more orders can be entered, the stop loss is below 11180, and the target is around 11350.

Conclusion: Predictions are all probabilistic events. Only the real-time K-line signals from the disk are the basis for deciding to enter the market. I hope that everyone can make reasonable and objective judgments in the transaction.

Conclusion: Predictions are all probabilistic events. Only the real-time K-line signals from the disk are the basis for deciding to enter the market. I hope that everyone can make reasonable and objective judgments in the transaction.