Big ups and downs are a common state of life. Recently, the volatility of the Bitcoin market has been very high. Choosing the right direction is equivalent to standing on the right wind outlet; anyone can take off when standing at the wind outlet. Looking back at the Bitcoin white plate, it has slowly rebounded from a low of 102614 after a decline from midnight to 105459, and is currently hovering around 104800.
From the four-hour level, the Bitcoin price is approaching the lower band of the Bollinger Bands, forming a hovering trend. The three bands of the Bollinger Bands are forming a downward shape, proving that the bearish forces still dominate. From the hourly level, the three bands of the Bollinger Bands are forming a downward closing trend, and the rebound trend is gradually being worn away, while the bearish trend is becoming clearer. In the evening layout, we will set up short positions with high sell and low buy strategies. Remember to set a stop loss above the rebound high point and control the position to prevent risks.
Short near 105000-105500, target 102000
