Since Bitcoin rose, it has been trading sideways at a high level for 10 days. Judging from the past market trends, there will be a shock phase after each unilateral movement. This high-level sideways movement is also a normal adjustment.
At present, it is not the time to break. The daily MACD and KDJ are moving closer to the 0 axis, and are in the stage of repairing and filling the gap. Once the indicator repair stage is over, and the price has not fallen sharply, the bulls will rebound from the bottom of the 0 axis, and a new high will be reached at that time.
The general trend at the daily level is still bullish, which is in line with the purpose of annual recovery. Whether it is a rapid rise or a slow and volatile rise, we need to pay attention to the Federal Reserve's interest rate hike data in the second half of the year. Generally speaking, it is still better to buy at the bottom during a large correction and to make short-term profits during a small correction.
The Fibonacci retracement line segment is set based on the main wave rising market from 24800 to 31400. The short-term support is at 28900 and the strong support is at 28100. In each section of the main wave market, there will be a retracement to confirm the support trend, and then there will be a higher relay market, which is also commonly known as the second wave pullback and the third wave rising stage.
This kind of trend of stepping back to confirm support, once it fails to come out, it will first pull up to break the new high, then the power will not be very strong, it is a paper tiger with strong appearance but weak inside, and you can go short directly without hesitation after breaking the high by several hundred points. If it goes sideways at a high level and then pulls back to confirm support, then the subsequent market will still rise, stabilize at the 30,000 mark, and hit 35,000.
The above are all predictions for future market conditions. How should we plan for the short term? If many coin friends find it difficult to control this market or even confused, they can take a look at CeShen’s ideas.
In terms of specific intraday operations, the short-term oscillation range is 28900-30800, relying on this range to sell high and buy low. For specific real-time layout and unwinding ideas, you can contact me privately!
