It is the good time to go short for the bitcoin contracts
Yesterday I reminded everyone that it will fall $6,700 in a short time and the market is very active. I have made profits in the previous two declines, and the record is not bad. Short from $7,100 to $6,600 with a full $500 interval.
In the last 24 hours, the net outflow of BTC funds exceeded 300 million US dollars, a significant increase compared to the previous cycle.
On the day chart, the current trend is suppressed by the lower Bollinger Band resistance and continues to run below the Bollinger Band range.
The mainstream currency took the lead to fall to a low point, and some even approached the bottom average price at the beginning of the year, and the mainstream maintained a shock and bottomed out.
The hour-level trend rebounded from the lower rail to the upper-middle rail. The market stabilized at $6,550 and the pressure at $6,750 above. The short-term market is likely to run in this interval. Now the price has returned to the mid-rail support around 6650, and it is constantly trying to breakthrough. MACD forms a golden fork below the zero axis, but the RSI turns from strong to weak, and the market will fall for a while.
STOCH RSI has entered a serious oversold situation, and the market is still going down, but I think there will be a chance of an oversold rebound in the near future.
Attention range: $6,500-$6,750, short orders enter near $6,750, long orders enter near $6,550, stop loss is 60 points, and take profit is 100 points.
In the last 24 hours, the net outflow of BTC funds exceeded 300 million US dollars, a significant increase compared to the previous cycle.
On the day chart, the current trend is suppressed by the lower Bollinger Band resistance and continues to run below the Bollinger Band range.
The mainstream currency took the lead to fall to a low point, and some even approached the bottom average price at the beginning of the year, and the mainstream maintained a shock and bottomed out.
The hour-level trend rebounded from the lower rail to the upper-middle rail. The market stabilized at $6,550 and the pressure at $6,750 above. The short-term market is likely to run in this interval. Now the price has returned to the mid-rail support around 6650, and it is constantly trying to breakthrough. MACD forms a golden fork below the zero axis, but the RSI turns from strong to weak, and the market will fall for a while.
STOCH RSI has entered a serious oversold situation, and the market is still going down, but I think there will be a chance of an oversold rebound in the near future.
Attention range: $6,500-$6,750, short orders enter near $6,750, long orders enter near $6,550, stop loss is 60 points, and take profit is 100 points.
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