Zhu Zhengting, short-term, look for a pullback first, then short the rebound.

CN
1 year ago

Yesterday, Bitcoin rose again, reaching a high of 26880 before pulling back. Since the beginning of last week, the price has been oscillating upwards after hitting bottom. Currently, the price has risen by about two thousand points. The rebound yesterday exceeded expectations, returning to the 26500 area. Despite the market's rise, there is also clear resistance above. The market has already seen a certain increase, so it should not be chased too much at this time.

The current trend shows that after continuous rise, the bullish momentum is gradually weakening, showing signs of shrinking volume. Currently, the market has entered a high-level consolidation phase and is unwilling to see large-scale retracements, once again proving that the bullish force is relatively strong in supporting high-level consolidation. However, there is a huge risk in continuing to chase after more gains. Our strategy has not changed significantly, and this morning we still focus on shorting the rebound.

For Bitcoin, the personal operating suggestion for the morning is to short in the 26600-26800 range, with a target of 26000-25500.

Due to the impact of the review time on the article, for subsequent intraday adjustments, offline real-time strategies are the main focus, and the suggestions are for reference only. Follow my trades, make money, you can too!!!

Scan the QR code below to follow the WeChat public account "Don't Get Lost". Strategies will be provided daily, and there will be occasional bonuses given out at irregular times.

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