Bitcoin market analysis and operation strategy on December 27
Today's information:
Today's information:
Germany will require digital asset custodians to be licensed under laws set to come into effect on January 1, and every company that currently hosts cryptocurrencies and targets German customers will have to report to the German Financial Supervisory Authority (FIN) by April 1. BaFin) announced its intention to obtain a license and has until November 1 to submit an application.
Market review:
The price of Bitcoin closed out Xiaoyang on the daily line yesterday, and the price of the day went out of a wave of rising first and then falling in the early hours of the day. After reaching the highest position of 7437, it fell rapidly, and the lowest reached the position of 7157. As of 7:20, the price of Bitcoin has returned to around 7200 and fluctuated again.
Bitcoin market analysis on December 27:
On the 4-hour chart, the Bollinger Bands showed a closing posture, and the price's upward attack in the early morning also touched the suppression of the upper track of the Bollinger Bands and then walked out of the retracement. The current price is running in the Bollinger Bands down channel. The 5-day moving average and the 10-day moving average converge at 7220 to suppress prices. On the whole, the intraday trend of Bitcoin is still volatile, and there is room for further decline in the short term. In terms of operation, it is recommended to keep the high altitude in the range as the main, and the low and multiple as the supplement.
Support/Resistance:
Support/Resistance:
Support: 7120-7050-7000;
Resistance: 7220-7300-7437;
Bitcoin operation strategy on December 27;
1. The price is given to the position of 7120 to enter the long position, the stop loss is 7080, and the stop profit position is 7200;
2. The price is given to the position of 7300 to enter the short position, the stop loss is 7350, and the take profit position is 7220;
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