The main bulls will fight to the death, and there is still a chance for a rebound in the near future
Since BTC fell below 8,000 US dollars, its decline has continued to strengthen. The bulls have tried to rebound many times but failed. In the evening, the bears made another effort, falling below 7,300 and 7,000 in a row. After a short break below 7,000 US dollars, there is a rebound opportunity. Currently It was sorted around 7100, and even Jiayong did not expect that it would break through the 7000 mark so quickly not long after breaking through the 8000 USD mark. However, Jiayong has already given a rebound opportunity in the 7000 line, and it is recommended to make a long-term layout. From the weekly or even monthly level, there is a long-term main defense in the 6900-7000 line, and there will be a better than 8,000 US dollars. For rebound opportunities, the profit-taking target can be placed around 7500, which is the closest point of this round of decline.
It can be seen from the figure that after the previous rebounds, it was still unable to break through and stabilize the resistance formed by the previous support, and then fell back again after a short period of consolidation. After constantly testing the support strength, after a period of shocks and downwards, it completely fell below the 8,000 mark and missed a recent key rebound opportunity.
Today, after falling back, it was sorted above 7300 for most of the day during the day. The position of 7300 was the place where the last low point appeared. One end, at this stage, when 7000 is being tested, although the short position is strong and directly goes to 6972 US dollars, it rebounds back above 7000 in time, and organizes around 7100, still retains the opportunity for rebound. , support and focus on the 6900-7000 line.
The bears are about to show signs of decline after experiencing continuous efforts. The impact of various news has already occurred, but the impact of supervision will gradually become positive in the near future. After the currency circle is getting better and better, the currency price will naturally rebound. The operating range focuses on 7000-7300 , mainly to call back long orders, control positions and set stop loss and profit. Whether it is the accumulation of income in the shock, or the expansion of income in the long-short period, Jiayong will bring you the most comprehensive analysis and suggestions to help you achieve ideal results in the end. If you want to get my instant guidance and advice on more mainstream currencies Friends of friends can pay attention to the official account/Jiayong Kanbi circle.
