December 31 Bitcoin market analysis morning comment, the upside still needs an opportunity to break out
Market review
Bitcoin went up to 7527 in the early hours of yesterday and was blocked and fell back, which also allowed the recent offensive to continue; it was suppressed in the morning, and it was difficult to return to the area above 7400; at 8 o'clock in the morning, it was further forced to fall to 7312, and then fell The trend stopped and encountered resistance in the 7400 area during the upward movement. At 15:00 in the afternoon, the price encountered resistance at the 7406 position and called back again; thus, the trend entered a downward trend of shocks; the price further fell to the 7221 position in the early morning of this morning, and the current rebound was still affected by the 7300 line Suppressed, the trend returned to the 7200 area again.
market analysis
market analysis
In the attached indicators, the STOCH indicator began to flatten above the 50 level, and the MACD indicator gradually became flat; on the whole, the overall trend is likely to continue to maintain a volatile trend, and the recent trend is at a 7200-7500 oscillating upward rhythm. No effective breakthrough was formed, leading to a correction of the situation, and the trend remained within the shock range. The author Chen Chuchu believes that this callback is also a normal shock adjustment. The high price has failed to break through and the price has fallen rapidly. It is just that the market rhythm has accelerated, and many people are difficult to react. If it can still be maintained in this area in the near future, the shock situation will remain. If the current downward breaks through the range, the risk will come again; the near-term operation is recommended to be high and low;
Operating strategy:
Operating strategy:
2. The layout of multiple orders is recommended at 7200-7150, the stop profit is at 7350-7400, and the stop loss is at the bottom of 7100;
Message from Chen Chuchu:
Message from Chen Chuchu:
