Bitcoin returns to normal after the rise, beware of large fluctuations in the market outlook

Bitcoin market analysis

market sentiment

Bitcoin market analysis

Judging from Moore’s daily chart, yesterday’s price was negative, but because the market’s upward movement was blocked at the 15,500 line for many times, it did not break through and continue its upward trend, so the bulls’ offensive gradually weakened. Running up and down, the Bollinger Bands continue to open upwards. If the intraday market can break through the suppressed position of 15,500, the upward trend will continue, and the price is expected to hit 16,000 again.

Looking at the four-hour level, the Bollinger Bands are closed upwards, the market is running in the upper-middle track area, and the moving averages are in a stalemate. The MACD indicator’s fast and slow lines are running above the zero axis, showing a downward trend. There are signs of a golden cross, and the short energy column Gradually shrinking, the RSI indicator is rising upwards, and the KDJ indicator Jincha is running upwards. Moore suggested that in the short term, high altitudes and low prices are enough, but in the long run, the support will move upwards, and the price is expected to break through the suppression and return to the upward trend.

【Bitcoin operation strategy】

1. It is recommended to enter the market in batches around 15600-15500, the first take-profit point is around 15400-15350, the second take-profit point is around 15300-15250, and the breakout is around 15000;

2. It is recommended to enter the market in batches around 15200-15300, the first take-profit point is around 15400-15450, the second take-profit point is around 15500-15550, and the breakout is around 15800.