Last night, the Bitcoin market experienced a sudden change, and the price surged strongly. It skyrocketed from around 85200 to nearly 95000. When Mu Xin woke up, he witnessed an increase of 8000 points, which perfectly confirmed his bullish prediction made over the weekend.
From a technical indicator perspective, on the four-hour level, the Bollinger Bands are in an opening state, the K-line quickly rebounded to touch the upper band of the Bollinger Bands before being pressured into a pullback. The KDJ indicator is turning downwards, and the bullish energy bars of the MACD indicator are also gradually shrinking, indicating that there is a demand for a correction in the current market.
Switch to the daily level, the MACD bearish energy bars continue to shrink and are close to the zero axis, the KDJ indicator is diverging upwards, and the K-line is oscillating near the middle band of the Bollinger Bands. Overall analysis suggests an intraday operation strategy of first shorting and then going long.
The specific operation is as follows:
Going short: Place short orders in the range of 93500 - 94300, targeting around 92000.
Going long: Buy on dips in the range of 91000 - 91600, with a target price of 94000 - 95500.
Entering the market involves risks; investment should be cautious!