Bitcoin Zuoduo won completely on Saturday, how should the market layout on Sunday night?
7.7 Bitcoin Wanpan Market Analysis
During the two days over the weekend, the overall Bitcoin market fluctuated and repaired upward. After the daily currency price reached the highest level around 58,500, the bulls did not continue to rise. Instead, they encountered resistance and fell back to around 57,000, where they stopped falling and began to rebound. The current market is running around 57,400. middle.
The operation node last weekend clearly prompted Zuoduo to turn bullish on Bitcoin and gave Zuoduo an idea near 56300. The market also went up as scheduled, which perfectly verified the idea. Zuoduo can be said to have won a big victory and accurately captured the thousand-point leap space. Congratulations for following up. Friends eat meat!
From the four-hour chart of the technical structure, the three lines of the Bollinger Bands are gradually shrinking. The K-line continued to rise and fluctuated upwards, directly recovering part of the early decline. However, when the upper part touched the 58500 suppression level, the bulls did not go out of too much continuation, which clearly shows the strength of the continuation. Not strong, but falling back under pressure. At present, the short-term rhythm is still in a state of pulling back and forth between the ranges, so the follow-up operations should focus on the lows first. As long as the pressure above 58500 is not broken, then go short.
For specific points, please refer to
Bitcoin is short around 57800-58200. The target is around 57000-56500, as long as the downward movement does not continue.
