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Hello everyone, I'm Raccoon. See you at 7pm! Bitcoin rebounded yesterday and rebounded from the bullish sentiment of the previous day. Currently, the price is testing the suppression area around 84000. If it breaks through and stabilizes at 83000, it means that the weak market will come to an end. However, if the price does not stabilize before 85000, there is still a possibility of further decline.
From the daily chart, the trend is closing at the bullish line. Currently, the bullish sentiment is gradually improving. Due to the downward trend of the market, it has fallen below the 77000 line, setting a new low for the first time this year. Currently, both long and short sides have entered high consolidation again. The focus of the day is on the 82000 line support position. As long as this area does not fall below, the market is expected to touch the 84000 suppression line in the future.
On the short-term hourly chart, the coin price has returned to above the 4-hour mid track and is currently hovering around the 82000 mid track. At the hourly level, it has successfully broken through and stabilized above the 82000 level, and bullish sentiment is gradually warming up. Therefore, the short-term strategy is still to focus on high altitude and low storage, with upward pressure at the 84000 level and downward support at the 80000 level.
For short-term strategic trading, the 83800-84500 area of Bitcoin rebound in the evening can be shorted, and the target is to look towards the 82000 area. Breaking the level can indicate continuation. In the face of the market, it is necessary to follow the trend and not blindly rush ahead! Wishing everyone all the best, always there!
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Disclaimers The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
