January 5th Bitcoin market analysis and operation comments: the upside continues to explode and is expected to start
Market review
Until the day before yesterday, the bitcoin trend rebounded in the 6800 area, and it rose sharply back to the 7300 area. Yesterday, the upward trend was blocked many times at the 7400 position; although it failed to continue the outbreak and continue to break through, the successive offensives also allowed the trend to stabilize at a high level; Today's trend continues to rise, approaching the 7500 line;
market analysis
market analysis
On the hourly chart, after the trend broke out to 7400 and was blocked, the price remained in the range of 7400-7300; then it broke through the 7300 position but did not go deep, and only fell to the 7270 position at the lowest and then continued to attack; The 7500 line is approaching; on the whole, the overall trend has entered a volatile upward trend, but there are many resistances above, and it is necessary to focus on the 7600-7700 area; the author Chen Chuchu suggests that long orders should be the main, and short orders should be supplemented; correct entry time;
Operating strategy:
Operating strategy:
2. For empty orders, it is recommended to place around 7700, see 7750 for stop loss, and 7500 for take profit;
Message from Chen Chuchu
Message from Chen Chuchu
