24-01-17 BTC Today’s View
The way to invest is to love your money before you invest. If you invest, you will think deeply about it. If you invest, you will lose your energy. If you stop investing, you will calm your heart!
After Bitcoin's sharp retracement, the market level fluctuated around the 41000-43000 range. Judging from the previous trend, Bitcoin retraced sharply and fell to the 41370 line to stop falling and rebound. It failed to stabilize after breaking through the 43000 line. On the morning of the 15th, it fell to 41713.5 stopped falling, then rose in the short term and went all the way higher. In the evening, the short-term correction fell to the bottom near the 42100 line. After four consecutive positive days, the pin moved upward to test the 43400 first line. It encountered resistance and pulled back. After five consecutive negative days, it gave up the gains and entered after stopping the decline. It fluctuated upward and tried to break through 43000, but encountered resistance. The pin fell to the 42050 line to stop falling and rebounded. It broke through the previous high to the 43589 line, which is today's current high. It encountered resistance at the 43589 line, and came out of four consecutive negative corrections. The breakout level was mid-hour. As mentioned in yesterday’s view, if the 43,000 line cannot stabilize, then the market needs to step back again to confirm the need for support. From the trend point of view, although Bitcoin breaks through 43,500, it still cannot stabilize 43,000. From an hourly level technical point of view, The middle track changed from support to suppression, KDJ crossed downwards, MACD fast and slow lines crossed downwards above the zero axis, and the energy of shorts gradually increased. In four hours, Bitcoin bottomed out at 42050 and rebounded to close the positive K, breaking out of three consecutive negatives. Although it broke through The previous high, but after breaking through the previous high, it pulled back and broke through 43000. The support is difficult to stabilize. From a technical point of view, KDJ is about to form a dead cross downward, and MACD bull energy begins to shrink. It is recommended to go short at the current price near 43000, with a target of 42000-41000, and stop loss. 43500,
The market is changing rapidly, or you want to join the newspaper group to keep warm. I am Zhuge. Welcome to leave a comment!
In the era when the trend has no curtain, let the one side bloom forever. That special care is to retain the current time, let the one side continue, let the trend not change, calmly follow the trend, and be relaxed and leisurely.
