BitcoinLong
BTC: Short-term market still has the risk of falling back
BTC's trend began to decline in the early morning, and retreated from around $9,050, further approaching the $8,700. the lowest was around $8,738.
Based on the MACD indicator, the fast line turns head down, and it takes some time to form a dead fork. The MA5 and MA10 moving averages keep parallel, and the RSI indicator also shows a downward trend. The Bollinger Band of $9,200 upper line becomes a short-term resistance.
The short-selling proposal given now is also very close to the target profit-taking position of $8,700.
My suggestion:
The short-term market still has the risk of falling back.
It’s still a bit difficult to have a good rebound, but the upside opportunities still exist later.
Entry: $8,650-$8,750
Stop-loss: $8,500
Take profit:$8,900-$9,000
Based on the MACD indicator, the fast line turns head down, and it takes some time to form a dead fork. The MA5 and MA10 moving averages keep parallel, and the RSI indicator also shows a downward trend. The Bollinger Band of $9,200 upper line becomes a short-term resistance.
The short-selling proposal given now is also very close to the target profit-taking position of $8,700.
My suggestion:
The short-term market still has the risk of falling back.
It’s still a bit difficult to have a good rebound, but the upside opportunities still exist later.
Entry: $8,650-$8,750
Stop-loss: $8,500
Take profit:$8,900-$9,000
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.