The cryptocurrency market is like this, there is no eternal one-sided trend, nor is there a long-lasting model, it is always changing. Today's market is just like this, both sides are in a tug-of-war, and the hearts of friends should also be fluctuating, right? Today's layout by the Zhuo Wei team is also finding opportunities, implementing our commonly used strategy of buying low and selling high, and timely arranging for students to enter the market. The morning layout of short positions captured a space of 1000 points, while long positions suffered a loss of 600. In the evening, continuing the afternoon strategy, the layout of short positions successfully captured a space of 2115 points for Bitcoin. This market is constantly impacting every friend in the cryptocurrency space, and without a professional layout for such a market, it is easy to get caught. Don’t keep hitting the southern wall; in the end, the only one who will be hurt is yourself.
From an hourly level, conducting technical analysis on the current Bitcoin market, it can be observed that the Bollinger Bands are showing a deep downward trend. Generally speaking, when the three lines of the Bollinger Bands are moving downward simultaneously, it is a typical manifestation of a weak market, indicating that the stock price or cryptocurrency price has a tendency to continue to decline in the short term. Now, the obvious downward trend of the Bitcoin Bollinger Bands indicates that the bearish trend has strongly returned. Under the dominance of the bearish forces, the market continues to extend downward. For the subsequent layout, we will continue with the afternoon strategy, using short positions to buy low and sell high.
Wednesday early morning operation suggestion: Short in the range of 117000-117500 for Bitcoin, target 115000, stop loss 118500.
Wednesday early morning operation suggestion: Short in the range of 3030-3060 for Ethereum, target 2900, stop loss 3100.
