Yesterday, Bitcoin started to decline from around 72700, and we were fortunate enough to short at the peak price. Today, its price dropped to a low of around 68800 before rebounding, and is currently fluctuating around 69500.
From a daily perspective, after four consecutive days of positive candles, it has started to show two consecutive days of negative candles. The Bollinger Bands are showing a severe contraction, with the coin price operating above the middle band. The KDJ indicator has formed a death cross and is expanding downwards, while the MACD dual lines are also moving downwards, with momentum continuously weakening. This indicates that the pullback trend is still ongoing, so it is recommended to focus on shorting during rebounds throughout the day.
Operational Suggestions
Support Level: 67800 - 68000. Resistance Level: 69800 - 70000.
You can conduct operations around these two positions during the day. If you want more detailed operational guidance, you can join our community for collaborative trading.
