Morning Strategy Comments on Bitcoin Market on December 21
key information
Eight members of the U.S. House of Representatives have sent a letter to the head of the Internal Revenue Service asking the agency to expand and clarify its tax policies regarding token shorts and blockchain forks. And called on the IRS to regulate the broader ecosystem of crypto-related products and services, including futures, crypto-related retirement accounts, and interest-generating crypto deposits.
Market review
Yesterday, the trend of Bitcoin has been suppressed below 7200. It did not officially break through 7200 until 23:00 in the evening. It rose to 7214, forming a small breakthrough, but it still did not break through the 7231 position that rebounded after the callback low point. The upward trend needs to be strengthened. At 4 o'clock in the morning today, the trend rose again and broke through 7200, but it only broke through to 7210 to form a callback trend.
market analysis
market analysis
On the daily chart of Bitcoin, the cross positive K that was closed yesterday continued to attack today but failed to gain. After the upward trend broke out the day before yesterday, the recent demand has decreased. It has also been affected by the pressure from the upper side and has not been able to break through the distribution. The resistance in the middle track area of the forest belt makes it difficult to launch an offensive; the moving average system continues to remain parallel, and the opening of the Bollinger Bands gradually flattens; in the attached indicators, the golden cross of the MACD indicator continues upward, and the STOCH double line intersects and sticks at one point above the 50 horizontal line.
On the whole, the trend will enter an upward trend of shocks, while the upper pressure is relatively high. In the short term, the situation is still dominated by shocks and stalemate. The author Chen Chuchu believes that the bullish atmosphere in the market is not strong, but it is better to gradually deepen it. However, there are many pressures in the early stage, and it is difficult to return to the high point again. Then the recent layout is mainly based on the idea of shocks, high-altitude Much lower.
Operating strategy:
Operating strategy:
2. Follow up the empty order near 7200-7250, stop loss at 7300, and look at the 7100 position. Focus on the interval 7100-7300;
Message from Chen Chuchu:
Message from Chen Chuchu:
