5.8 Chen Fei Talks About Currency
After the price of Bitcoin (大饼) approached around 99900, the market began to slowly decline, with bulls being suppressed and struggling to stay above 100,000. The candlestick chart formed four consecutive bearish candles, and the moving averages are also trending downward. The market is gradually showing signs of weakness, and the MACD bearish trend is overall increasing in volume, indicating that bears are gradually taking over. Thus, it is recommended that after a rebound, one can consider shorting.
Bitcoin (BTC)
Direction: Short Position
Current Price: 99900～100200
Take Profit: 99000～98500
Stop Loss: 100500
An 8-year veteran in cryptocurrency trading, skilled in various operational techniques, accurately grasping highs and lows for liquidation, maintaining a steady approach, and facing no trading challenges. Everyone is welcome to communicate and exchange ideas.
