After two days of narrow fluctuations over the weekend, BTC faces short-term direction choices

On Wednesday night, it was suggested that the BTC market is still in the range of fluctuations. When the market falls back to the lower edge of the range, the first choice is still to buy in batches on dips. The recommended buying range is 92500-94500. On Wednesday night, the Nasdaq fell back and closed with a bottoming cross star. BTC also fell sharply and recovered half of its lost ground in the late trading. The low point of the day just hit 92500. On Thursday, the US holiday, the US stock market was closed. BTC took the opportunity to continue to fall, breaking the low point on Wednesday and hitting a new low of 91055. However, it still reached a high point of 95300 on the same day, and it was possible to calmly replace the long orders at high positions and take them back at low positions. The US stock market opened normally on Friday night. BTC, which had fallen too much in advance on Thursday, gradually pulled back to the closing position on Wednesday during the day on Friday. Although the Nasdaq opened low and fell on Friday, BTC did not break the low point on Thursday. The Nasdaq pulled back a little in the late trading, but BTC was relatively tenacious and closed with a positive line.

On Friday, the Nasdaq broke the previous low and barely closed on the 60-day moving average. The weekly line is also one step away from breaking. The Nasdaq has bottomed out three times. This time, it is likely to show a direction. It will break or rebound again. At present, it is 50-50. I have always been bullish on the Nasdaq before, and I think there will be new highs after the adjustment of the Nasdaq. At present, based on the closing of the Nasdaq on Friday, we must carefully consider the risk of breaking. Corresponding to BTC, it just hit an intraday high of 95444, touching the daily pressure level, and currently fell back to around 95000. Considering the 50-50 trend of the Nasdaq, BTC is around 95400 above and 95800-96200 is the daily pressure level, and the 4-8 hour level support below is also close, but it is relatively fragile and the support strength is limited, and the risk of going down is a little higher, so it is recommended to close long orders at the current price and wait and see. The current price is OK, at least it is a small profit.

If the price falls back to the recent low in the morning trading tomorrow, you can take back a small amount of long orders and wait for the final direction of the Nasdaq tonight before making plans. If the Nasdaq breaks down, BTC long orders should be exited and the strategy of buying more on dips should be abandoned. Wait until the market becomes clear before re-formulating the trading strategy. #比特币价格走势分析 $BTC