5.9 Chen Fei Talks About Currency
After the Bitcoin market reached around 104300, the overall market began to correct. The bullish momentum is gradually weakening, and the Bollinger Bands are also narrowing. The upper band is forming resistance, while the middle band and MA moving averages are trending downward. KDJ is opening downward in bullish mode, and the MACD bearish trend is also increasing. Overall, the bearish sentiment is evident, and it is recommended to short in line with the trend.
Bitcoin (BTC)
Direction: Short Position
Current Price: 103200～103500
Take Profit: 102200～101600
Stop Loss: 103900
An 8-year veteran trader, skilled in various trading techniques, accurately identifying highs and lows for liquidation, trading with a steady hand, no issues in trading, everyone is welcome to discuss.
