5.11 Chen Fei Talks about Currency
After the Bitcoin price reached around 105000, the bullish trend was suppressed, and the bearish trend is gradually increasing. The Bollinger Bands are starting to open up, the K-line is moving downwards, and the MA moving averages are also moving downwards, forming a resistance at the middle band position. The KDJ indicates a downward movement for the bulls, and the MACD bearish trend is also increasing. Therefore, it is suggested to continue shorting on any rebounds.
Bitcoin (BTC)
Direction: Short Position
Current Price: 103900～104200
Take Profit: 103000～102400
Stop Loss: 104700
An 8-year veteran, skilled in various trading techniques, accurately identifying highs and lows to mitigate losses, trading steadily without difficulties. Everyone is welcome to exchange ideas.
