Mingjie: Bitcoin rises to around 27500, and the evening US market once again turns bearish.

CN
1 year ago

Summary of the day: Bitcoin was at a low point near 26,600 in the early hours, finding support at the bottom of our upward channel. It experienced fluctuations during the day session and rose to around 27,500 in the evening, breaking yesterday's high, but the upward momentum did not continue. Currently, it is showing a trend of fluctuating at a high level, and although it broke the previous high, there are no clear signs of further upward movement. The current price is around 27,150.

Bitcoin Chart

So, in the evening, we will continue to take a bearish view based on the resistance level! The current resistance is the position of yesterday's pressure. Looking at the hourly chart, we can see a large bearish candlestick at this level yesterday, with a very strong rebound, indicating a clear downward trend. From the KDJ, it can be seen that the short-term trend is downward, so it's all about continuing to short in the evening!

Bitcoin strategy: Short directly near 27,500, target near 26,800

Ethereum strategy: Short directly near 1,660, target near 1,620

Follow Wealth Code on Mingjie Public Account

Wealth Code

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