Judging trends should follow the heart, and the technical skills have reached a high level of proficiency. At any time, trading should not go against the market direction and must not deviate from its trajectory. Going with the trend and riding the momentum is not only a matter of excitement on the pen tip but also a practical application.
On Friday, Jiang Wei mentioned that the market was primarily in a high position. After the price corrected over the weekend, it fell near 98700 during the rebound, and now it has dropped to a low of 96000, a decline of nearly 3000 points. This wave of shorts has once again hit the target 🎯. To be honest, I don't like to write analyses; I prefer to speak directly about the situation, simply and clearly. However, due to certain reasons, I have to write a long article. Next, I will continue to briefly analyze the current situation of Bitcoin.
On the four-hour level, the overall structure still revolves around the Bollinger Bands in a box pattern. Although there have been breakouts up and down, they have all closed within the bands, so the price will continue to move in a volatile manner. Unless there is a stable breakout, the current pattern will change. The bottom support is at 95500, with strong resistance at 98500 above, and short-term pressure at 97000, which can be focused on during the day.
On the daily level, the Bollinger Bands are turning down, and the price is consistently operating in the middle to lower bands. However, the MACD bearish energy bars have remained hollow without any substantial increase, causing each wave of price declines to be unable to continue. In summary, the overall pattern still presents a volatile shape, but the bearish sentiment is predominant. Therefore, Jiang Wei suggests shorting on rebounds.
The reference idea is to short around 96600-97000, watching the 95500 level. If it breaks, look towards 94000. The points are for reference only.
How to relieve worries? Only Jiang Wei can help---follow the public account.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
