How to grasp the BTC market
According to the 0.5H hour level curve, BTC continued to trade sideways throughout the day yesterday, and the opening of the Bollinger Bands showed an expansion trend at 06:00 in the morning, and the upper pressure was too strong. After a day of sideways trading, many currency enthusiasts are looking forward to the arrival of the big market, but it is not as expected by the currency enthusiasts, including myself. I am very optimistic about the long-term trend in the past few days, but no one can stop the market from changing. No, we should analyze the market more calmly! Until the small waterfall that appeared in the early morning of January 3, with a drop of nearly 100 points, the currency lovers who held empty orders probably stabilized. After the end of the waterfall, the usual sideways trading has continued until now. But I still see more!
The running trajectory is within the price channel, and the short-term market will be bearish. However, the pressure on the lower track of the Bollinger Bands is too great to break through, and there is still room for growth.
The current price is 6940, bearish, the take profit position is below 6840, and the stop loss position is 6850
The price continues to fall and touches the 6800 position, the backhand is bullish, the take profit position is 7000, and the stop loss position is 6700
Hope all friends in the currency circle set a good stop profit and stop loss position, and control the profit and loss by yourself!
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.
