Bitcoin Evening Thoughts
Bitcoin plunged down to 42500 this morning, and then rebounded to 43600. The market fluctuated at this position for a few days, and is currently under pressure at 44700. From the four-hour chart of technical indicators, the upper short-term pressure is at 44000, and the market has rebounded several times in the past two days but failed to break through 44400 again. The current market has rebounded to 43700 again, and the MACD indicator is running downward. It is recommended to short Bitcoin in the evening. Bitcoin still pays attention to the 44000 mark. If the market rebounds to 44k and fails to break through, the market will fall further and Bitcoin will come to 41500. Shorting Bitcoin in the evening still requires good risk control.
Recommendations
Short at 43800-44100, target 43000-42300
Risk Control 44550
