BTC tries to return to the safe area, and the support pressure has eased
Today, BTC is still fluctuating in a wide range above the short-term support of 6800, and the overall trend span exceeds 300 points. Jiayong has reminded everyone to pay attention to the trend range of 6800-7400 in the article a few days ago, and the next development trend is marked in the figure below , is still valid at this stage, and the bears are trying to break through the existing range again. If the defense of the 6800 line is broken, the low point of the 6500 line will face another test. At the same time, mainstream currencies are also waiting for BTC to indicate the next direction. , the downward trend may start again after a short-term relief.
From a short-term perspective, the trend is still difficult to get out of the turbulent situation. Although the large consolidation range is 6800-7400, as the shock consolidation proceeds, the long-short battle is fiercely launched at the 7000 mark. Leave the market in time to wait and see what happens, wait for the market to change and seize the opportunity of the outbreak. Especially at this stage, bad news keeps coming, some of which are true and false, and once tried to break the existing support of 6800, but before the break, it was a high-yield opportunity to sell high and buy low, and the long order left around 7300. For empty orders, it is recommended to leave below 6900.
The short-term downside risk has shown signs of strengthening. The current low currency price has not slowed down the trend fluctuations. On the contrary, the speed and magnitude of fluctuations have increased. This is a reflection of the increase in trading volume, but most of them are mainly selling. It will become one of the factors that will slow down the volatility of the follow-up trend. It is necessary to prepare for the shock of the amplitude as soon as possible, and seize the existing high-yield opportunities. The short-term pressure on the top has been formed in the near future, and the buying sentiment in the market is not strong. , leading to a weak breakthrough ability, the short-term rebound rhythm is difficult to maintain, and the adjustment still needs to continue.
And the bulls are not without opportunities. There is a certain upward will in the trend. As long as they return to the top of 7300-7400 in the near future, they will have certain advantages for the follow-up development of the bulls, but as marked in the picture , the trend still has a tendency to continue to fluctuate and adjust. It is recommended to operate at high altitudes and low multiples. Follow up the long order around 6800 to see the 7000 position, and follow up to above 7200 after stabilization. The short-term support below 6800 can be operated repeatedly in this range. 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.
