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After a round of increase, the market began to continue to fluctuate at a high level. Yesterday, the highest point of Bitcoin also encountered resistance, located in the 28600 area. In the short term, the market is oscillating within a small range, and the price of Bitcoin is generally fluctuating between 28000 and 28600. Currently, it is Wednesday, which is a possible turning point for the market. In previous market situations, we have noticed that Wednesdays often accompany turning points, manifested as high-level stagnation, but with not much of a decline. In this case, it is necessary to pay special attention to whether the market breaks through the current range.
Currently, the market conditions show that the daily K-line Bollinger Bands are expanding and upward, and the K-line is running near the upper rail, showing an overall upward trend. In the short term, the hourly Bollinger Bands are narrowing, and the MACD indicator is already above the zero axis. So, can there be another golden cross and drive the stock price up again? Based on my experience, the upward momentum is relatively strong, so the short-term strategy should focus on long positions at low levels.
Personal operating advice for Bitcoin: buy near 28200-28000, with a target of 28800-29000.
The above strategy is only Lao Zhu's personal operating logic, not as a basis for anyone's investment, for reference only. The market situation changes rapidly, and specific operations should be the main focus. Data has a timeliness.
Lao Zhu trades short-term every day, providing the latest market information interpretation. If you can't read the K-line well and can't determine the direction, you can follow the trend!
- I am Zhu Zhengting, a teacher specializing in technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and profit together!
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