Last night, with the release of unemployment data, the price of Bitcoin experienced dramatic fluctuations. The price once soared to 68,600 points, but then fell rapidly, falling to a minimum of 66,250 points. The current price is fluctuating around 66,700 points.
From a technical perspective, the four-hour chart shows that the price trend is still showing a downward trend. Bitcoin encountered resistance when trying to break through the middle track and gradually declined. The pressure level of the middle track is also gradually moving down, the short-selling force is dominant, and the moving average begins to hook down after the rebound is blocked. The small cycle chart shows that the market continues to be weak, and there is no sign of a bullish counterattack for the time being.
The one-hour chart shows that the price trend has formed a clear downward channel. Bitcoin encountered pressure when trying to break through the upper track and gradually declined. The volume is released in a short-selling form, and the moving average moves down driven by a weak rhythm. In the short term, the market has a certain demand for shock repair, but lacks the power to pull up strongly. Therefore, today's operation strategy is recommended to focus on high altitude.
Bitcoin can be considered shorted around 67,000-67,300 points, with a target of 65,800
Ethereum's operation strategy can be synchronized with Bitcoin. #BTC☀ #ETH🔥🔥🔥🔥