#BTC重返11万 $BTC The essence of trading is to follow the trend - follow up after a breakthrough, stop profit under pressure, and reverse the position. The market is always right, and only those who are flexible can make continuous profits. After the price of the currency fell from the high point of 110504 to the low point of 109020 in the early morning, the price of the currency rebounded to the integer mark of 110000 and fluctuated. The idea of more around 109300 given by Yunlu at midnight is also based on the market. There is 1000 points of space. At present, the price of the currency has fallen slightly to the 109650 line for consolidation.
The 4-hour level shows a healthy adjustment trend, MACD maintains a golden cross on the water but the red column shrinks, RSI falls from the overbought area to a reasonable range of 65, and the middle track of the Bollinger band 108800 constitutes a strong support. The key pressure level is the 110200 neckline and the 110800 trend line pressure. The support below is 109000 and the 108800 daily trend line. It is necessary to pay attention to the early US stock futures and capital flows. Be alert that if it continues to fail to break through 110200, a double top structure may be formed. If it falls below the key support of 109000, it may trigger a deeper correction. It is recommended to maintain a flexible mindset to deal with market fluctuations.
Dabing suggests: Go long in the 109300-109500 range (stop loss 108800), target 110200-110800; if it breaks through 110200, you can chase it to 110800; if it touches the 110500-110800 area for the first time, you can try shorting