Bitcoin market analysis: After support, it rose all the way to $12,000

In the 24-hour increase, Bitcoin rose by 2.41%, and Ethereum fell by 1.98%. The OK coin that everyone cares about has stopped falling, and other currencies have shown declines to varying degrees. In terms of the overall environment, although Bitcoin has already rushed to 12,000, it does not have the overall environment at the end of July and early August.

BTC market analysis: Since the No. 17 currency holder talked about support issues and upside issues, the Bitcoin market has risen all the way to around 12,000. It can be seen yesterday that after the Bitcoin market consolidated below the short-term pressure level of the currency holders, it tried to break through the pressure level of 11822.34 for many times at night.

In the short-cycle hourly chart, after Bitcoin directly broke through the pressure level, the current market is consolidating in a range around 12,000. The Bollinger Bands start from the support level pointed out by No. 17 currency holder (btc068068), and the overall trend is upward, and the moving averages maintain an upward trend. Attitude, the amount of short positions below can be continuously released. It will be seen whether the Bitcoin market can stabilize above 12,000 within a few days, and the bottom support depends on the bottom of the box. The linkage between the Ethereum market and Bitcoin has weakened recently, and a separate article is listed.

BTC：

1. Enter the market with an empty order around 12000, stop loss at 12100, and target around 11880. Break the position and follow the trend.

2. Enter more orders around 11840, stop loss below 11822, and target around 11950.