9.28 Bitcoin idea analysis!

The weekend saw little fluctuation, with the coin price peaking around 110000 before being blocked and then experiencing a large drop to a low of around 108900, where it stopped falling and rebounded. It was then blocked again after reaching the 109700 area. Currently, the overall continuity and strength remain poor, still within a downward channel. The rhythm of turning back at every step is too meandering, resulting in a delay in breaking out into a one-sided market. In the short term, a breakthrough from the range will indicate the direction of the market!

The key right now is to pay attention to the breakthrough of the pressure in rhythm. Currently, there has been no reversal formed, and the short-term position has not effectively broken down. Therefore, it will still oscillate around the range in the short term, and we need to pay attention to the breakthrough at the upper level of 110000. If it cannot effectively break down, we can continue to view it as a range. The main strategy is to sell high and buy low!

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