Although the daily K-line level of BTC rebounded by 10,000 points last week, it is still useless in the big picture. It cannot change the bearish trend under the large bear market. Every day emphasizes that the rebound is not a reversal. Slow rise and sharp fall are just traps to lure more traders. It has been repeatedly encouraging everyone to short. The Bollinger Bands are still opening downward with three bands moving lower. The rebound high is always under pressure from the daily K-line BBi and also under the resistance of MA7. Although KDJ shows a golden cross, there are signs of turning downward again. RSI, after moving sideways in the oversold zone, is beginning to turn downward. While the bearish momentum on MACD has decreased, it has not shrunk to the point of no volume. In terms of operation, it is still around rebounding below 68,800 and waiting for opportunities to short. The target remains around 6.3K-6.1K.
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ILovePudding
· 5h ago
Is there an open position at 68,800? Stop loss at 69,300?
Although the daily K-line level of BTC rebounded by 10,000 points last week, it is still useless in the big picture. It cannot change the bearish trend under the large bear market. Every day emphasizes that the rebound is not a reversal. Slow rise and sharp fall are just traps to lure more traders. It has been repeatedly encouraging everyone to short. The Bollinger Bands are still opening downward with three bands moving lower. The rebound high is always under pressure from the daily K-line BBi and also under the resistance of MA7. Although KDJ shows a golden cross, there are signs of turning downward again. RSI, after moving sideways in the oversold zone, is beginning to turn downward. While the bearish momentum on MACD has decreased, it has not shrunk to the point of no volume. In terms of operation, it is still around rebounding below 68,800 and waiting for opportunities to short. The target remains around 6.3K-6.1K.