Bitcoin is brewing a rebound

Bitcoin has seen a panicked decline, which many attribute to negative news. However, I have repeatedly stressed that the news does not change the trend, for the downward trend, negative news only accelerates the decline. I mean, even if there's no negative news, it's going to fall, but it's going to fall a little bit slower.

At present, there is a 2-hour bottom divergence, from the level, very large. So now the position, excessive bearish is not recommended.

I say this, not only because there is a two-hour bottom divergence, but also because there is a number of data to support it.

I suggested earlier that the weekly K line has fallen for four consecutive weeks, which is rare in history, while the day k line has been running for 15 trading days below ma6, which is also extreme.

So I'm sure there's going to be a rebound here, and because of this bottom divergence, it's possible to bring about a large-level rebound that breaks through the downward trend line.

Strategy: If 2 hours form a bottom divergence (macd gold cross), you can buy the spot or open a long order. The target is set at $8,150 - $8,360 - $8,520 - $8,670. Stop loss should be below the previous low, or -10% of the buy ingres cost.

This position rebound is a big probability, but it doesn't rule out extremes. Therefore, it is not recommended to invest too much money, while paying attention to setting stop loss.

Note

If macd cannot form a 2-hour bottom divergence of gold crossovers, do not enter easily. Trades are based on signals sent on the right and do not enter on the left

peter-l

30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450

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peter-l

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