5.30 Morning Discussion on Cryptocurrencies
The market for Bitcoin touched a low around 104500 in the morning, after which the bullish trend started to recover. The price also touched the lower boundary. On the technical side, the Bollinger Bands are opening upward, with the lower boundary rising. Overall, the bullish recovery is taking place, and the MACD shows increasing red momentum. The KDJ indicator is also moving upward for the bulls. After the overall bearish trend, the market is recovering for the bulls, so it is suggested that everyone can consider long positions on pullbacks.
Bitcoin (BTC)
Direction: Long
Current Price: 104800～104600
Take Profit: 105500～105900
Stop Loss: 104200
An 8-year veteran trader, skilled in various trading techniques, accurately identifying high and low points to manage positions, and trading without difficulties. Everyone is welcome to communicate.
