12.16 BTC Market Analysis and Operation
Yesterday, the BTC day market has maintained an oscillating operation in the $7,080 range. A long wave of the bull's energy was released to raise the price of the coin to $7,200 and then touched back to around $7,150, which shows that the bulls are constantly trying to counterattack.
However, as the position of the upper high point continues to move downwards, the pressure position also goes down. Many single pressures above are severe, and it is difficult to effectively break through the stable high point position in the short term.
In the hourly trend chart, the current price is running in the upper track area of the brin belt, but it is suppressed by the resistance of $7,150, and protected by the support of $7,100, resulting in the current trend being compressed in a narrow range of shocks.
Then if the subsequent trend can continue to stand $7,100, it will launch an attack again.
On the whole, the short-term trend is still adjusting, and multiple parties have limited breakthroughs. The market outlook is more biased towards the short side, $7,150-$7,200 short orders can be entered. The target can be seen at $7,000. If it falls below, you can continue to long $6,800-$6,750 and stop at $6,700.
However, as the position of the upper high point continues to move downwards, the pressure position also goes down. Many single pressures above are severe, and it is difficult to effectively break through the stable high point position in the short term.
In the hourly trend chart, the current price is running in the upper track area of the brin belt, but it is suppressed by the resistance of $7,150, and protected by the support of $7,100, resulting in the current trend being compressed in a narrow range of shocks.
Then if the subsequent trend can continue to stand $7,100, it will launch an attack again.
On the whole, the short-term trend is still adjusting, and multiple parties have limited breakthroughs. The market outlook is more biased towards the short side, $7,150-$7,200 short orders can be entered. The target can be seen at $7,000. If it falls below, you can continue to long $6,800-$6,750 and stop at $6,700.
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