Bitcoin market analysis: the market continues to return to the range after the short and long

After Bitcoin hit the 11724 line in the morning yesterday, the market quickly fell back to around 11470 and fluctuated in the range. At 20:00 yesterday evening, the Bitcoin market began to break below the range, and the lowest point touched the 11305.46 line. Supported by the bottom, the market stopped falling, and then The market is steadily rising.

BTC market analysis: On the daily line, yesterday closed the negative line, which has broken the 5-day continuous collection of the positive line. Yesterday it closed negatively. It can be seen that the current bitcoin market has fallen from the top of the box to the middle. The current bitcoin market is at Around 11460, the opening trend of the Bollinger Bands slows down, the upper track and Fibonacci 11577.04 bond to form a short-term strong suppression, and the long positions below can continue to be released.

In the short-term 1-hour chart of the attached picture, after the bitcoin market broke below the range last night, the bitcoin market took a break in the early morning. After 3 o'clock this morning, the bitcoin market broke away from the rest and the market rose steadily. On the whole, the bitcoin market has formed a long-short trap after yesterday evening and this morning. The long-short grasp is around 100 points, and we need to pay attention to risk control and grasp the market.

Suggestions for BTC operation:

1. When the market is near 11320, you can consider entering the market with more orders, stop loss at 11160, and target around 11450.

2. When the market is around 11570, you can enter the market with an empty order, stop loss at 11660, and target around 11450.

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.