Mr. Coin in the Coin Circle: 8.21 Bitcoin (BTC) Market Analysis Reference
Bitcoin rebounded yesterday, and the intraday high of the currency price rebounded to around 61380. Later, it was under pressure and fell to around 58500. The head sentiment weakened again, and the currency price returned to the oscillation range again.
From the short-term hourly chart, Bollinger is in an open posture, and the currency price is running in the area near the middle track. Although it rebounded near 18500 in the short term, the upper pressure has not been broken. MACD changed from yesterday's negative value to positive value, and the fast and slow lines are above the zero axis. The EMA7 moving average is slightly higher than the current currency price. EMA30 is close to the current currency price. Short-term pressure can focus on EMA120.
From the daily level chart, the price rebounded to the vicinity of the middle axis many times and then fell back. The intraday rebound was not strong. The daily Bollinger closed posture allowed the market to further narrow the range. The MACD and Stoch lines in the attached figure are parallel, which shows that the intraday market tends to fluctuate. The operation suggestion is to buy high and sell low.
8.21 Bitcoin short-term reference:
Short orders focus on the 60900-61400 range, light positions, defense 62400: stop loss 62700, target below 58800,
Long orders focus on the 58200-58500 range, defense 57200, stop loss 56900, target above 59400.
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop-profit and stop-loss measures and put the money in your pocket. $BTC $ETH