$BTC In the early morning, the price of the currency stabilized near the 118500 line and then quickly attacked. After breaking through the psychological barrier of 120000, the price of the currency quickly rushed up to the high point of 120951. At present, the price of the currency has fallen back to the 119500 line for consolidation. The idea of retreating and going long given by Yunlu in the early morning was successfully verified, and more than 2000 points of space were successfully won.
The technical side shows that this breakthrough is accompanied by a significant increase in trading volume, and the retracement process is healthy. The 1-hour MACD maintains a golden cross state, and the RSI reasonably falls back from the overbought area to 58, showing typical strong market characteristics. The key long-short game area is clear, the momentum indicator shows that the bullish momentum continues, and the AO indicator has 7 consecutive positive bars, but it is necessary to be vigilant that the 121000 mark may trigger algorithmic trading buying. Risk control is particularly important. It is recommended to close 50% of the position before the release of non-agricultural data. It is worth noting that once the support of 118,500 is lost, it may trigger a $30 million stop loss, and breaking through 121,000 may activate a $50 million algorithmic buy order. The current market is in a technical retracement stage after a key breakthrough. It is recommended to use limit orders to avoid slippage risks and wait for the next round of trend confirmation.
Dabing suggests: lightly arrange long orders near the current price of 119,500 (stop loss 118,800), or place orders below 119,000 (stop loss 118,300), and the target is 121,500 first. If it breaks through, it can be held to 123,000.
