4.27 Chen Fei Talks About Currency
After a bullish rebound in the market for Bitcoin, the market has begun to decline today. Currently, the Bollinger Bands are overall trending downwards, and both the midline of the market and the MA moving averages are also trending down. The bearish trend in the market is becoming increasingly apparent, and the K-line is also moving downwards. The KDJ indicator shows a bullish divergence but is trending down, and the MACD indicator indicates an increasing bearish trend. From a technical perspective, the bearish sentiment is strong, so it is recommended to short during the rebound.
Bitcoin (BTC)
Direction: Short
Current Price: 94500～94700
Take Profit: 93800～93400
Stop Loss: 95100
An 8-year seasoned trader, skilled in various trading techniques, accurately grasping highs and lows for de-risking, and trading without difficulties. Everyone is welcome to communicate.
