The price of Bitcoin continues to test downwards, whether the bulls can fight back
Today's information:
Today's information:
It is reported that the US House of Representatives is currently planning to delist Chinese stocks from the US market. If the U.S. government succeeds in delisting the companies, it could be a major boost for bitcoin as more people turn to cryptocurrencies to escape mounting economic turmoil.
Market review:
After the bitcoin price went down again last night and touched the 8700 position, the price rebounded in the early morning of the day and reached the highest position of 8880. As of 8:30 a.m., the price of Bitcoin is around 8870.
Market analysis:
Market analysis:
Looking at the 4-hour chart, the price has closed positively for two consecutive cycles, and the price is currently above the 5-day moving average, but the overall upward trend is actually not strong. The suppression of the middle track of the Bollinger Bands has always existed, and it is still on the way. Downside suppression. In the follow-up, we still need to pay attention to whether the 8930 first-line position can stand up. If we stand up, we will face the upper pressure zone 9000-9050 area. Yesterday, the price fell 200 points and touched the 8700 position after being frustrated at this line. Judging from the indicators in the attached figure, the MACD goes up under the golden cross below the 0 axis, and the RSI goes up to around the 45 level. On the whole, the current big trend of Bitcoin price is still bearish, but there is a chance to test the upside in the short term, so it is recommended to rebound short orders in the operation of the day, pay attention to the suppression of 8930-9000-9100 at the top, and pay attention to the bottom 8800-8720 position support.
Operating strategy:
Operating strategy:
1. The price goes up and touches the position of 8930 to enter the short position, the stop loss is 9020, the stop profit position is 8800, and then 8730;
3. When the price touches around 8730, enter long orders, stop loss at 8650, and take profit at 8850;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
