11.19 Chen Fei Talks Currency

After testing the high point near 92666 yesterday, the market was clearly suppressed, indicating that there is still significant pressure above. There is a clear inducement for buying in the market, and it is still fluctuating around the middle track. However, the pressure from the middle track and the MA moving averages is clearly visible. The market has attempted to stabilize four times without success, and the upper track of the Bollinger Bands is also moving downward. The MACD bearish trend is also increasing, so it is recommended that everyone operate on short positions during the day.

Bitcoin (BTC)

Direction: Short position

Current price: 91300～91500

Take profit: 90300~90000

Stop loss: 92300

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