When bitcoin has entered a critical mass, the air is filled with the smell of smoke, and even the accidental shooting of a gun may trigger a multi-air war.
Ok's bitcoin quarterly contract currently holds 606 million positions, which has been continuously increased in the past four days. However, what we have seen is the price fluctuation, which indicates that the long and short positions have not formed enough profit advantage. Such anxiety, just like a master competition, both sides have entered the stage of internal strength competition, at this time, no one dare to let go first. We can only wait for the intervention of the third party, perhaps a casual news, will lead to a heavy fall, we must be highly vigilant, especially those who hold positions, need to set a good stop loss.
Bm's XBT currently holds a position of $1.02 billion. Different from ok, Bm has been adding positions since the end of July, and now it has reached over $1 billion again. We saw the previous peak of 1 billion to 1.1 billion, indicating that Armageddon is around the corner
With the holding of huobi and other markets, the current position has exceeded the end of June, which indicates that the difference between long and short in the market is very clear, so the final choice of direction should be the effect of landslides.
Let's see what happens in 2 hours
At present is a triangle arrangement, soon into the tip, intensive trading area is also around 11780, now is changing the dish is about to, so compare the pros and cons of long empty
Long: moving average support, daily macd long trend, week is a good upward trend.
Bears: if there is a macd divergence problem with the upside breakout, of course it is still a bear trend and there is a long-term trend line to suppress the bulls
If a breakthrough goal is formed:
Long: near the front high of 13200, it is possible to form the first target position of a long position
Bears: the uptrend line supports around 10100, where there is complete resistance
Strategy: whether contract or spot, now is not a good entry point, should keep wait and see, wait for the trend to form long after entry is appropriate.