Bitcoin market analysis on December 27
Market review
After the bitcoin trend broke down to 7130 yesterday, the trend has entered a rhythm of shocks and stalemate; the price is competing around the 7200 line, and the trend broke out strongly in the early morning of this morning, breaking through to the 7437 position, and then quickly fell back after being blocked at this position, and then It fell to a low point of 7157; currently rebounded slightly to the 7200 area, but was suppressed by the short sellers above, and the price remained at around 7200.
market analysis
market analysis
In the attached indicators, the MACD indicator runs upwards, the STOCH indicator intersects downwards to form a line, and the RSI indicator bends downwards; on the whole, the trend has a will to rebound, but the situation is already entering a rhythm dominated by the short side. Once the short-term If the low point is broken, the decline is likely to further intensify; Chen Chuchu believes that the upper pressure has shown signs of strengthening, and the market outlook will continue to test the pressure to the low point. The operation is recommended to be mainly empty orders, supplemented by long orders.
Operating strategy:
Operating strategy:
2. The recent trend is basically maintained around 7200, which means that the bulls still have the power to stand. You can place more orders at low positions, and place them around 7050-7100.
Message from Chen Chuchu
Message from Chen Chuchu
