In this world of virtual digital currency, there is no way to empathize with it. Most of them are just Yinggui knowing it!
Bitcoin came out of a deep flood-like correction in the early morning, with a drop of nearly 5,000 points!
Yesterday, Hony also kept reminding us to be bearish and short!
Bitcoin went short at 72505 and took profit accurately at 69000! Earned 3531 points!
As the saying goes, some families are happy and some are sad. Some are happy and some are sad.
This is exactly the charm of the currency circle!
It doesn’t matter who does what,
From the technical structure point of view, in the small cycle level, the price of Bitcoin showed a strong downward trend in a continuous negative state in the early morning, and the overall price was like a floodgate opening, reaching a low of 68,600! Entering a deep correction of 5,000 points! At this stage, the overall operating channel still maintains a downward opening state and is developing. Although the price has rebounded from the downward trend, the overall rhythm is still running at a weak pace. In terms of the indicators in the attached picture, the short position still maintains the short position arrangement and continues to increase. The three moving averages maintain a downward trend as a whole, and the price rebound is restrained from rising higher. It is still in a callback state and developing.
In the short-term level, the downward trend of the operating channel is obvious, and the price shock to the mid-rail trend fails to effectively stabilize and closes in the negative direction. The current price continues to fall in the mid-rail area, and the energy aspect has also turned from bullish to bearish, and the volume remains medium, and the moving average is three lines. After a circuitous intersection, there are already signs of turning back and going down, so we can still maintain the high short selling idea and follow the trend for the follow-up idea!
Personal suggestions for operation:
Bitcoin is short around the 70500-71500 area, with a target of 69000-68000.
