Are you ready for the second day of BTC's new year?

According to EWN news, "Forbes" contributor Jesse Colombo said that Bitcoin is currently in a huge downward channel, which was formed when the price of Bitcoin reached a peak of $14,000 in June. He said that while Bitcoin is currently trading directionless due to thin holiday trading volumes, a decisive fall below the key support level of $6,000 (a key support level that has lasted about 18 months so far) would make BTC A test of its late 2018/early 2019 low ($3,000) would imply a 50% drop for Bitcoin from support at $6,000. But I think the upward trend at the beginning of 2020 is still relatively large.

Since entering 2020 yesterday, the market has not moved much for a day. At the beginning, the big market that I always thought has not come yet. I believe that many currency lovers can’t wait to watch the market at night. Just like me, they are also very anxious. Going back to yesterday’s market, there was a wave of decline in the early morning, and the roundabout highs and lows after that made the market not fluctuate much. From around 7:00 today, the market fell to the price of 7178, and the price moved to the lower part of the Bollinger Bands and touched the price channel. At the lowest point, technical analysis has room to rise, and today is still dominated by bulls.

Now at 10:05 BTC price is 7166, bullish, target price 7280-7330, take profit price 7270, stop loss position 7080.

When it falls to 7050, it is bullish, the target price is 7200-7250, the take profit price is 7170, and the stop loss position is 6980.

Please add currency friends and teacher WeChat: junglegod1 to communicate together.

Hope all friends in the currency circle set a good stop profit and stop loss position, and control the profit and loss by yourself!

Please add currency friends and teacher WeChat: junglegod1 to communicate together.