BTC consolidation will continue, pay attention to the support line in the wide shock
Since yesterday’s rebound, BTC has joined hands with mainstream currencies to return above the middle track of the four-hour Bollinger Band. Although the daily line is currently in a downward trend, the decline is not large, and it can be regarded as temporarily stabilizing at the 7,000 mark. After finishing down, there is no chance of breakthrough at the highest point of 7374. During the consolidation stage, the trend has repeatedly tested near the 7100 line, and all of them have been successfully defended by the bulls. Today’s short offensive has not been strengthened, and the hourly Tubuling band also closed, further compressed The trend is around 7200. In the short term, the volume of both sides can be flat. Tonight's trend is expected to maintain the current range within a narrow range.
Although the Bollinger Bands at the daily line level open downwards, and the moving averages maintain a short position, the 10-day moving average came to 7660 to form resistance and suppression, but after yesterday's rebound and today's consolidation, the short positions in the attached indicators can be weakened , BTC has not seen an upward opportunity for a long time, but the general trend of decline is only a temporary break, and it has not yet reached the stage of long-term strength. Operations should also refer to high-level empty orders. At this stage, it can be used as the next round of decline. Looking at the finishing stage, the trend range has come to 6900-7400. The current trend is volatile and fast. The benefits of high-level short orders are already relatively rich. It is still not recommended to follow up blindly with long orders.
The trend in the hourly level has been blocked by the trend of 7180 in the Bollinger band, and the short-term support is formed by the MA60 moving average at 7060 below. If it breaks further, it will go to the long line of defense at 6900 again. Before that, there are still more than 100 points of space The opportunity for single income is worth grasping. The MACD in the attached indicator is running horizontally above the zero axis, making efforts to stabilize the high level. The short position has not shown any obvious offensive at this stage, but the trading volume is still at a relatively high level. Above 7000 The currency price will continue, and leave the market in time after making a profit on empty orders, so as to prevent the trend from rebounding again and miss the profit opportunity.
In terms of operation, it is recommended to enter the market with an empty order near 7200, stop loss at 7260, and take profit at 7070. Once it breaks 7050, wait for the trend to rebound above 7100 again and then follow up with the empty order. The profit point should focus on the 6960 line. 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.
