Monday Afternoon Bitcoin Analysis
A correct choice is more valuable than a hundred times effort, and this is true in this market as well. Either choose the right direction or follow the right people. Early indications continue to suggest a focus on Bitcoin, with pressure from the top consistently pushing down. The rebound strength is becoming weaker, and it has clearly entered a corrective rhythm. The four-hour level shows a series of downward movements, about to touch the middle band of the Bollinger Bands at the line of 105000. In the afternoon, we can first observe its breakout situation. The MACD two lines are about to form a dead cross at the water level, and the daily line is still suppressed by the moving averages. Here, if we focus on Bitcoin, there shouldn't be any issues. In the afternoon, we can continue to choose opportunities to buy Bitcoin at high levels to proceed with our strategy.
Trade Bitcoin in the range of 1058-1060, targeting the 1045 range.
