Bitcoin Afternoon Market Analysis

CN
1 year ago

Weak people will only stand still, reckless people will only get themselves into trouble, only truly brave people can be invincible.

The early trading session still did not see much breakthrough in the shaking rhythm. Although there were signs of a collapse in the early stage, the rapid repair by the bulls kept the coin price oscillating above 45000. Friends who are going long today still need to pay attention to the breakthrough of the support at 45000.

Midday market analysis on Wednesday

Looking at the four-hour chart, this four consecutive decline is very unhealthy with few solid candlesticks and accompanied by upper and lower shadows, indicating that the market is still in an unstable state. The recovery at night also resisted the rhythm of this pullback, and the bullish volume is still increasing. The moving averages are also maintaining the oscillation process. After all, the market has just completed a wave, and now it is a process of recovery. In the afternoon, we still hold the view that any point above the support can be entered for long positions.

Trading advice

Go long near 45000-45100

Target to 45700-45800, pay attention to defending 44600, and look to reverse if it breaks 46000

Starting the new year by giving back to old fans. Here to help everyone gain buoyancy. The "Baiwan Flip Plan" is ready. The favorable environment continues this year. Everyone should consider it on their own. No restrictions on guidance!

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