Bitcoin short-term trend analysis
Market Overview:
The price of Bitcoin/USDT is currently at $68,004.21, up 1.29% from the previous trading day. From the technical indicators, the MACD indicator forms a golden cross, and the 5-day and 10-day moving averages show an upward trend, both pointing to a short-term bullish trend.
Recommendations:
1. In the short term, the price of Bitcoin is still in an upward channel, and investors can appropriately increase their long positions. After the price has a significant increase, some long orders can be appropriately closed for profit.
2. If the price breaks through the previous high pressure of $68,353.16, you can consider increasing your long position. Pay close attention to price trend changes and adjust your position in time.
3. The stop loss level can be set around $67,217.72 to control the risk.
After comprehensive analysis, it is expected that Bitcoin will still have room for further growth in the short term. Investors can appropriately participate in long operations according to their own risk preferences and seize short-term trading opportunities. I will continue to pay attention to market changes and update analysis and suggestions in a timely manner.
