1:6 Bitcoin market analysis
Yesterday, the bitcoin market went out of expectations. The upper part was under pressure at 32833 and the lower part was pinned to 29901 to stop the decline and reversal. Afterwards, the market fluctuated and slowly rose to gain momentum, and it is gaining momentum. Today, it stepped back to 29901 and moved up from yesterday's low point, and the bottom was rising. After 4 hours of watching the attached picture, the indicators have been restored after stepping back. KDJ has a golden cross, and the trend shows signs of M double top. Fibonacci sees the 23.6 position as the key, which is near 33130. If the market breaks through and stabilizes above 33130, it will continue to attack. If it fails to stabilize, the market will fluctuate downward. Below, we should pay attention to the position of 61.8, which is around 30500, and the position of 78.6, which is around 29300. Taken together, the top gives you the option to enter the market with an empty order near 33000-33130, and you can choose to enter the market with a short position. There are too many entries in the 30800-30500 range below, and the break is temporarily abandoned, and the market is most likely to be around 29300. If the market cannot step back to the top position, 31000 can also choose to enter the market position. Additional suggestion: The 32200-32500 interval is not broken, and it can be empty in this interval. The suggestion is for reference only, enter the market to do a good job of risk control, and grasp the profit margin by yourself.
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