Bitcoin's uptrend encounters a roadblock again, can it be leveraged this time?
Today's information:
Today's information:
According to news on May 28, the Ministry of Digital Development, Communications and Mass Media of the Russian Federation (MinComSvyaz) announced on May 26 that it does not support the lifting of the ban on Telegram encrypted communication applications. According to previous reports, Russia may lift the ban on Telegram due to the coronavirus outbreak.
Market review:
The price of Bitcoin went up in the evening yesterday, quickly rising from around 8850 to around 9160 and fluctuating, and then went up again at 23:00 to hit a high of 9230 and then fell back. In the morning of the day, the price stepped back on the support near 9050 and then went up again. As of 8:15 a.m., the price of Bitcoin is running around 9180.
Market analysis:
Market analysis:
Looking at the daily chart, the price of Bitcoin closed a barefoot Yang K yesterday. After the price has risen by more than 500 points, it has already touched the position of the middle track of the Bollinger Bands, and the trend of the Bollinger Bands is currently showing a downward closing posture. The top pressure has also moved down. At present, the first focus is on the position of 9250, and the second is the strong pressure position of 9300 in the early stage. Yesterday's price rise is currently pulling the 5-day moving average out of the upward trend. Looking at the attached indicators, the MACD fast line gradually flattened from the downward trend.
On the whole, the price of Bitcoin still maintains the desire to continue to rise. There is a chance that it will rise again and touch the suppression near 9250. However, the strong pressure near 9300 in the early stage is still a relatively heavy stumbling block for the price to rise. Whether the price can leverage is still unknown. Therefore, in terms of intraday operations, it is recommended to call back more orders, and focus on the suppression of the 9250-9300 position at the top. If there is a strong breakthrough, you can follow up with the trend.
Operating strategy:
Operating strategy:
1. When the price falls back around 9100, enter long orders, stop loss below 9050, and take profit at 9180, followed by 9250;
3. If the price goes up strongly and breaks the suppression of the 9300 position, you can consider following up with more orders, stop loss at 50 points, and see 80-100 points of profit at the top;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
