BTC: The market trend is more ambiguous.
Recently Bitcoin went up again, hitting a maximum of $7,226, then fell back, and now hovering at $7,200.It can't rise too high or fall too low, forming a typical interval shock.
The market trend is more ambiguous.
Looking at the daily line, KDJ and other indicators diverge downward, and it is expected that the shock will continue.
On the day chart, the market stopped falling around $7,150. I mentioned yesterday that everyone was about to play a protracted battle in the $7,050 to $7,450 range, so the market moves in this range. Don’t be anxious and accidental. This represents a signal that the market trend reverses upward at any time.
The MACD is below the zero axis, and the downward movement of the STOCH indicator slows down the formation of the dead fork
RSI indicator is above the 50 level.
The Bollinger Bands narrowed, and the upward test was suppressed by the upper track of the Bollinger Bands $7,400. The currency price subsequently fell below $7,200, but then the effective support at $7,100 lowered the currency price back to above $7,200. At present, the trend is above the middle rail of the Bollinger Bands, but there is a lot of resistance above, and it is still difficult to continue to rise without a big stimulus.
Today's strategy:
Short:$7,250-$7,350
target: $7,100-$7,000-$6,900
Stop loss above $7,440
Long: $7,000-$7,040
profit: $100-$150
Stop loss: $6,900
The market trend is more ambiguous.
Looking at the daily line, KDJ and other indicators diverge downward, and it is expected that the shock will continue.
On the day chart, the market stopped falling around $7,150. I mentioned yesterday that everyone was about to play a protracted battle in the $7,050 to $7,450 range, so the market moves in this range. Don’t be anxious and accidental. This represents a signal that the market trend reverses upward at any time.
The MACD is below the zero axis, and the downward movement of the STOCH indicator slows down the formation of the dead fork
RSI indicator is above the 50 level.
The Bollinger Bands narrowed, and the upward test was suppressed by the upper track of the Bollinger Bands $7,400. The currency price subsequently fell below $7,200, but then the effective support at $7,100 lowered the currency price back to above $7,200. At present, the trend is above the middle rail of the Bollinger Bands, but there is a lot of resistance above, and it is still difficult to continue to rise without a big stimulus.
Today's strategy:
Short:$7,250-$7,350
target: $7,100-$7,000-$6,900
Stop loss above $7,440
Long: $7,000-$7,040
profit: $100-$150
Stop loss: $6,900
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