Bitcoin market analysis: After a surge, it fell close to 1,000 points

From the early morning to 10:00 a.m. yesterday, the bitcoin market was still within the range. Around 10:00 a.m., the market went higher, hitting a new annual high and hitting the line of 13854.32. On the whole, it still did not affect the shorting from the top of the range, and hit the high point After that, the market fell all the way, the lowest point touched 12900, and the up and down was close to 1000 points. At present, after Bitcoin passed the waterfall, the market is consolidating in a range again.

BTC market analysis: On the daily chart, a large negative line was collected yesterday, and the Bollinger Bands continued to maintain an upward trend. In the 4-hour chart, the overall market is showing a trend of overtaking. The current market is oscillating around the 13250 line. In the MACD below, the short positions are initially released, and the fast and slow lines form a dead fork at the high level.

In the short-term 1-hour chart, after yesterday's waterfall, the Bollinger Bands opened again. From early this morning to now, the market is still in the period of range consolidation, with the upper short-term suppression at the 13327 line, followed by the 13422 line. After the range consolidation today, we will see a rebound. If the market cannot stabilize above 13422, the market will fall back again. It can be analyzed in combination with the Ethereum market. The Ethereum market is in the next article.

BTC morning strategy:

1. After the position of 13300, you can enter the market with short positions, with a stop loss of 100 points, and the target is around 13200.

2. When the market is around 13100, enter the market with wet positions and long positions, with a stop loss of 13000 and a target around 13200.