Thursday, good morning to a new day!

Overnight, there was not much change in the Bitcoin market, which basically maintained a high-level oscillation rhythm, with the price bouncing back and forth within a range. Last night, the price retraced to the golden ratio 0.786 support point, which is above the support point of 102500, and then began to rebound, but the strength was not strong. The K-line is oscillating at a high level, forming a consolidation pattern after a slight pullback. The MACD top divergence trend has not ended, and the volume is decreasing. The DIF and DEA are contracting, plus the Bollinger Bands have formed an upward channel. The K-line is facing resistance at the upper pressure level of 106300, and it is expected to continue maintaining the range rhythm in the short term.

The current four-hour K-line shape is more apparent, especially as the K-line has been operating at the top of the EMA trend indicator. The bulls are starting to contract, and the situation of top pressure moving down is quite obvious. The MACD has been continuously reducing volume and increasing positions. The DIF and DEA are close to the 0 axis, and the top divergence pattern has spread to the mid-line trend level. The upper track of the Bollinger Bands is focusing on 105200, and the lower track is focusing on 101800. The range will not break; refer to the upper and lower edges of the range for short-term operations! Currently, the price of Bitcoin is around 103200, relatively at the lower edge of the range, so in operation, we give a layout first with a buy on the dip, and after the rebound, if it does not break the range, we can intervene again!

On Thursday morning, buy in the 102500-103000 area first, and focus on the 104000-104500 area above. If the rebound faces pressure, then we can sell high and buy low around the range! #美国加征关税