Bitcoin Evening Market
After Bitcoin hit a high in yesterday's morning trading, it did not have much room for a retracement. The market changed direction at the end of the month and rebounded strongly all the way. The current market has rebounded to 38,800, finally breaking the previous high of 38,000. Although the market has rebounded strongly, it can be seen from the daily and weekly K levels that the current market has rebounded to the upper high, and the market is also suppressed at this position. From the daily line pin to 38,800, it can be seen that the market has not been able to break through the daily line and turn upward. The weekly K suppression is also at 39,100. The market will not blindly rebound. It can be seen from the previous rebound that Bitcoin will go out of the downward trend after breaking the high several times. Therefore, it is recommended to short Bitcoin in the evening.
Recommendations
38600-38900 short, target 38100-37600, risk control 39250
