The price of Bitcoin fluctuates and adjusts, whether it will usher in an opportunity for a rebound within the day
According to the news on May 22, on May 18, the Ministry of Digital Transformation of Ukraine released a new draft of "virtual assets", which aims to determine the legal status of encrypted assets, the circulation and distribution rules of encrypted assets in the country. There is no final version of the current bill, and the crypto community will discuss it publicly until June 5, 2020. According to one of the co-authors of the new draft bill, the main purpose of the plan is to eventually enable local crypto companies such as exchanges to open bank accounts.
Market review:
After the bitcoin price continued to decline in the early hours of yesterday, the overall price trend within the day yesterday tended to fluctuate as a whole. The price climbed slowly until the price rose to the 9260 position in the early morning of the day. Then it fell back again. As of 7:22 a.m., the price of Bitcoin is running around 9160.
Market analysis:
Market analysis:
Looking at the 4-hour chart, the price of Bitcoin closed out a negative K in the last cycle after three consecutive positives. The current price is constantly testing the validity of the support of the 5-day moving average and the 10-day moving average. If the price falls below this moving average support area, then there will be a chance to go to the 9000 position. The trend of Bollinger Bands is also a downward posture at present. From the attached indicators, MACD runs below the 0 axis. On the whole, the current trend of Bitcoin price is still fluctuating and bearish, so the operation is still to maintain the strategy of keeping short orders at high positions, supplemented by long orders at low positions.
Operating strategy:
Operating strategy:
2. When the price touches the 9000 position, enter a long position, stop loss at 8940, and take profit at 9140;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
