5.14 Chen Fei Talks about Currency
After the Bitcoin market reached a high point near 105000, it has been hovering around 103500. Currently, the Bollinger Bands are starting to open up, and the price has touched the lower band. The bullish trend is beginning to rise from this lower band, with the MA moving averages forming a support level for an upward trend. Therefore, it is suggested that everyone can consider entering long positions on a pullback.
Bitcoin (BTC)
Direction: Long position
Current price: 102600～102300
Take profit: 103400～104000
Stop loss: 101800
An 8-year veteran trader, skilled in various trading techniques, accurately identifies highs and lows to manage positions, and trades with confidence. Everyone is welcome to exchange ideas.
