Wait

The bullish wedge for Bitcoin mentioned yesterday is still the same view. After breaking the wedge, it is still under the pressure of the Vegas tunnel at 98100, starting to decline. Last night, even though the CPI had a spike, it just hit the lower edge of the wedge channel and then started to rebound. The current market cycle is basically rising along the 12-hour tunnel. Every time it reaches nearby positions, it starts to rebound, and RSI is in the overbought zone.

For friends doing short-term trading, they can refer to this trend line: go long at the lower edge and short at the upper edge. If it breaks, reverse positions. Currently, the trend of Bitcoin has not yet emerged, so it is still advisable to focus on short-term trades.

Binance Coin is at 678 on the daily chart, forming a typical candlestick pattern called a doji breakout, which is a DD pattern discussed in forex ultra-short-term trading. It is also in the position of the Vegas tunnel, with the K-line and indicators coinciding, so this led to a significant surge. In the short cycle, both Bitcoin and Binance Coin are in a bearish pattern. One can wait for short-term entry opportunities. If BNB retraces to 672, 652, or 636, these three short-term levels can be considered for a push.

#BTC走势分析 #bnb #bnb