Yesterday, the price fell sharply, and the price fell to the trend line below the channel line. It did not rebound but broke directly. It is expected to be a downward trend in the short term. The current trading idea is to sell when it rebounds to the resistance level. At present, you can focus on the 69600-70100 resistance range.
The price rebounds to the 69600-70100 range and can be sold. Currently, it is 68500-68800
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
The price rebounds to the 69600-70100 range and can be sold. Currently, it is 68500-68800
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
BTC was in a clear upward trend last Friday, but after the US released the non-farm payrolls index, the US dollar index suddenly soared, and the BTC price plummeted instantly, but the general trend is still upward. So BTC may enter a volatile trend next. At present, you can focus on the 68450-68800 range. If the price falls back to this range, it is likely to rebound and rise.
Trading suggestion: You can buy when the price rebounds to the 68450-68800 range, and the target is 69600-70100
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
At present, the price rebounded to the 69600-70000 range I predicted and fell. Now we are paying attention to whether the price can fall below 69130. If the price falls below 69130, it will continue to fall.If the price cannot fall below 69130, it may rebound and rise
Note
BTC rebounded to the 69600-70000 range I predicted, and it did fall, but it did not fall below the 69130 resistance level. It is currently in the rebound and rising stage. Since the current BTC general trend is still rising, and the price has just shown signs of stopping the decline and rising, it is likely to break through the 69840 resistance level. If the price breaks through the 69840 resistance level, the upward trend will continue.
However, it is not ruled out that the price will fall again after being blocked near 69840. If the price falls below 69130, the downward trend will continue in the short term.
In short, the current trend is volatile, and the amplitude of ups and downs will still be large. Even if most of us can see that the general trend is rising, it is still not easy for most people to capture profit opportunities and avoid risks.
Trading suggestions: At present, there is a high probability of rising. If the price breaks through 69840, you can buy long orders, with a target of 70500-70800.
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
The current rebound is an obvious trend, and aggressive investors can buy at the current price of around 69,500
Note
The price has broken through 69840, which is consistent with my prediction. BTC will continue to rise.
Note
After breaking through 69840, the price encountered resistance near 70160 and fell back, but the trend is still upward. If the price falls back to the 69550-69750 range, you can buy, with a target of 70300-70500
Note
Yesterday, the price failed to break through the 70170 resistance level after two upward surges. The short-selling force began to exert its strength and directly broke through the 69130 and 68450 resistance levels. As of now, the price has fallen by more than 3,000 US dollars. If nothing unexpected happens, the price will continue to fall due to the inertia of the decline. If the price falls to the important resistance range below and a rebound signal appears, you can buy appropriately.
Focus on the 66350-66800 range. If the price falls to this range, you can buy, with a target of 67500-67800
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.