Bitcoin welcomes the bear market outbreak stage

[Market Review]

In the two-day market fluctuations, it is in an upward oscillating operation posture. From the perspective of the large-scale market effect, the upward sentiment is relatively strong, and most of them are long resources at the bottom. From yesterday's hourly price line, it basically stabilized above the 6.3w mark. Similarly, when the area is in a large-scale trend upward channel, a large gap is formed below and needs to be adjusted, which may form a large-scale oversold stage.

[Trend Answer]

From the latest trading records, there are few large-scale buy orders, which lays a great hope for retail investors to buy. From the hourly K-line indicator, we can see that the MA moving average 5-10-30 days has become a super strong support chip position at the bottom, that is, the buying in the 6.3w area is very strong. From this point of view, it can be explained that after the bottom breaks, it will form a waterfall pattern and continue to fall. In my opinion, the subsequent price market has not reached the bottom support position, so the main short position is the main target.

Idea: Under today's market conditions, the upper pressure point of 6.4w is also a high-level shorting point. Similarly, aggressive coin friends recommend shorting at 6.385w, with a good stop loss. The target area is 6.3w, and then it will go down again to 6w.

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