Brothers! This morning, the trend of Bitcoin is really dominated by short orders! The technical side is full of short orders, especially the hurdle of $107,300, which has now become the "life and death line" that long and short must fight for. Let's break it down and talk about it today. How to follow the rhythm!

First look at the technical side. This wave of decline in the early morning is not blind! On the 4-hour K-line chart, the big negative line at midnight yesterday directly broke through the support of 108,000. MACD just turned down above the zero axis, and RSI almost fell to the oversold zone of 30. It is obvious that the shorts are stepping on the accelerator! Now the most critical position is $107,300-if the rebound cannot break through here, it means that the shorts are "guarding the door"; if it falls below with large volume, then the shorts will open up space to go down. Moreover, the volume of this early morning decline is very large, and the sell orders in the exchange are pouring down like rain. If you want to force a rise in the short term, you have to ask the shorts whether they agree or not!

Let's talk about the operation strategy again. Today we will play "double-line operation":

The first move: rebound high-altitude - if Bitcoin rebounds to 107000-107300 and encounters resistance (remember, if it can't go up here, it is a short signal), directly place a short order, and the target is to look at the 106600 support level first. If it can fall below, then look down to 105500. The stop loss is set above 107800. Breaking this line means that the rebound is beyond expectations, so withdraw first and wait and see.

The second move: chasing shorts when the support is broken - if the 106600 support is broken, don't rush to chase, wait for the volume to break (for example, the closing price of the 15-minute K-line is stable below 106600), and then follow the short order to enter the market. At this time, the target is directly aimed at 105500, and the stop loss is set at 107000 to prevent false breakthroughs.

There is another key point to be highlighted! After the US stock market closed this morning~ #BTC☀