7.10 Chen Fei Talks Coins

After Bitcoin (BTC) reached a high point of 112,000, the market began to pull back. The Bollinger Bands are opening up, and the market has formed three consecutive bearish candles. The price is moving down towards the middle band, which is also trending down along with the MA. The Bollinger Bands are beginning to contract downward, and the KDJ indicator is also trending down. The MACD bearish trend is increasing, so it is recommended to short at the high points.

Bitcoin (BTC)

Direction: Short Position

Current Price: 111,400 ~ 111,600

Take Profit: 110,600 ~ 110,200

Stop Loss: 112,000

An 8-year veteran trader, skilled in various trading techniques, accurately identifying high and low points for position adjustments, trading steadily without issues. Everyone is welcome to discuss.