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Analysis of Bitcoin Early Trading on Wednesday
$BTC $ETH $BNB
The overall trend of Bitcoin was weak yesterday. The price of Bitcoin fluctuated upward to 64700 in the early trading, but the market did not stabilize and continued to move forward. Instead, it was under pressure and moved downward in a weak trend. Until midnight, the price of Bitcoin reached 59150, which was the lowest point, and then rebounded upward. The current situation is running around 61000.

Yesterday, I gave a strategy of shorting Bitcoin at 64500 in the early trading and shorting Bitcoin at 61800 in the late trading. The market trend fell as expected and reached 59700 in the intraday. Both short positions were perfectly stopped, and the total of 4200 points of Bitcoin space was firmly in the bag!

From the four small pictures of the technical structure, the three lines of the Bollinger Bands are divergent, and the K-line has fallen for five consecutive days, showing the weak downward trend. Although the decline has stopped, the market has also rebounded partially, but it has not continued and the rebound is relatively small. The short-term decline is large and needs time to adjust. Therefore, if the rebound in the morning cannot rebound effectively, just follow the trend and look for a decline!

Operation suggestions

Bitcoin is directly short near 61000-600, and the defense is combined with its own position with 600-800 points. The target is below 59800-59000 #非农数据 #ETH #ETH #Eigenlayer公布空投计划 #Megadrop