#BTC Saturday analysis


In the early hours of yesterday morning, the flatbread failed to continue its downward trend after bottoming out to 79900, and then went all the way up, showing a rebound trend as a whole. However, looking at the overall trend, the pie did not really strengthen and finally failed to close above 85000, and the upper pressure was obvious. Judging from the current form, there is still a need for further stepping on the pie.
In the short term, the pie failed to effectively break through and continue the rally at the 85,000 integer mark, and the rhythm and mood of the test pressure have appeared. Especially from the 4-hour chart, the short-term trend is particularly obvious: the price shuttles between the upper and lower bands of the Bollinger Bands, steps back after testing the pressure, and rebounds after testing the support, which perfectly interprets the rhythm of "not breaking and not standing". Considering that the market volatility on Saturday is relatively small, the probability of breaking through 85,000 at one time is low, so it is recommended to rebound and short.
For short-term trading, if the pie rebounds to the 84800-85300 range, you can directly lay out short orders, and the target is to look at the 83600-82500 area, and if it is broken, continue to see the continuation
BTC-0,71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin