Yesterday, Bitcoin broke through the downward trend line, and then broke through the resistance levels of 68400 and 69000, entering a rapid rise phase. In the short term, it is likely to maintain a fluctuating upward trend. The main trading idea is to buy when the price falls back to the lower resistance range. At present, you can focus on the resistance range of 68800-69250.
Trading suggestion: If the price falls back to the range of 68800-69250, you can buy, with a target of 70000-70500
The above transactions are for reference only, and I will update the market analysis in my guidance group at any time
Trading suggestion: If the price falls back to the range of 68800-69250, you can buy, with a target of 70000-70500
The above transactions are for reference only, and I will update the market analysis in my guidance group at any time
Note
The price has fallen below 69250, but the decline is very fast. If the price falls below 68800, the upward trend may be disrupted. We are currently paying attention to whether the price can stabilize above 68800.Note
The price has fallen below 68800, and the upward trend has been interrupted. In the short term, it is necessary to trade flexibly according to market trends.Conservatives can wait first.If the price trend changes too quickly, then we need to flexibly adjust the trading strategy according to market changes. This is an essential skill for long-term profit in the trading market.
Note
Today, Bitcoin rose rapidly after breaking through the resistance levels of 69840 and 69000, reaching a peak of around 70250. But then it unexpectedly fell rapidly, falling to around 68550 in an hour, directly breaking the important resistance level of 68800 that I mentioned. These show that the short-selling force completely suppressed the long-selling force in the short term, and the bullish trend cannot continue in the short term. You can wait until the price rebounds to the resistance level to sell. At present, you can pay attention to the resistance range of 69500-69800 above.
You can sell when the price rebounds to the resistance range of 69500-69800, with a target of 68500-68800
The above trading strategies are for reference only. I will update the market analysis in my guidance group at any time
Note
The price rebounded to the 69500-69800 range I predicted and then fell. We continue to wait and see whether the market trend can reach the range I expected.
Note
The current price is stable above 68800, which means that the market has been stabilized by the market force. Next, wait until the price drops to the resistance level to buy.
Trading suggestion: Buy when the price falls back to 68600-68900, target 69500-69800
Note
Activists can buy long orders now. If the price breaks through and stabilizes above 69,500, the upward trend will continue.
Note
The current price is stable above 68800, which means that the market has been stabilized by the market force. Next, wait until the price drops to the resistance level to buy.
Trading suggestion: Buy when the price falls back to 68600-68900, target 69500-69800
Note
After a long struggle, the price finally rebounded in the 68600-68900 range. The current price has also reached the 69500-69800 range I predicted, and I won again!
Note
From the 2-hour chart, BTC has been fluctuating in the range of 63340-70660 for the past two weeks, which is also the reason for the recent surge and plunge in prices, because the market has no clear direction. The current price has risen to around 70600. If the price breaks through 70660, the oscillation trend may end. However, the price has risen a lot today and may encounter resistance and start to fall.
Trading suggestion: Radicals can sell in the range of 70300-70660, with a target of 69300-69600
The above trading 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.