Bitcoin market analysis and operation strategy on April 15
Today's information:
Now is the time for bitcoin, citing growing adoption around the world and unprecedented action by central banks to combat the fallout from the spreading coronavirus, according to Bloomberg. Idiosyncratic actions by central banks (not just in the US, but globally) have made hard assets more attractive in the long run. Bitcoin's upcoming halving -- a periodic event that alters spending on the network of computers that process transactions -- could prevent inflation from eroding its value is another positive.
Market review:
The price of Bitcoin went up last night and then fell again after hitting the 6980 position, and the overall pattern still maintained a range shock. As of 7:20 a.m., the price of Bitcoin is 6883.
Market analysis:
Market analysis:
On the 4-hour chart, the price rebounded after touching the lower track of the Bollinger Bands, and the current price is running between the upper and middle tracks of the Bollinger Bands. However, the drop in the morning is also to test the support of the middle track of the Bollinger Band again. The price did not show an indomitable upward posture, and it still maintains a range-bound trend. The 5-day moving average, 10-day moving average, and 30-day moving average converge and support the price in the 6870-6830 range. On the whole, the price of Bitcoin will still maintain a range-bound trend in the short term. In terms of operation, it is recommended to keep selling high and buying low within the range.
Operating strategy:
Operating strategy:
2. When the price touches 6800, enter long positions, stop loss at 6750, and take profit at 6900;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
