7.15 Chen Fei Talks about Coins

After the big coin market (Bitcoin) reached a new high near 123000, the market began to weaken, slowly dropping to the current position around 117350. The market has formed five consecutive bearish candles, and the Bollinger Bands are overall trending downwards. The MA moving averages and the mid-band are also clearly trending downwards, with the KDJ indicator showing a downward opening for bullish momentum. The MACD bearish trend is also increasing, so it is suggested that during the daytime trading, one can consider shorting at higher levels.

Bitcoin (BTC)

Direction: Short position

Current price: 117800～118200

Take profit: 116900～116200

Stop loss: 119000

An 8-year veteran trader, skilled in various operational techniques, accurately grasping highs and lows to relieve positions, steadily handling trades without difficulty. Everyone is welcome to communicate.