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After the weekly volatility of Bitcoin ended, the entity fell below 89000 and continued to decline until 76600 before effectively rebounding,
The 4-hour rebound followed a volatile upward channel, effectively suppressing the pressure of the upper channel after touching it,
The weekly level M5 moving average continues to be suppressed in the strong pressure zone, with the point around 87500
The 4-hour level cannot stabilize above 85000 again, and the subsequent market trend is very likely to have a double dip,
At present, it is necessary to pay attention to the effective support below 82500-81700. This position has been broken again and will continue to fall below 80000 or fall below the previous low.
If Bitcoin continues to follow a 4-hour upward channel, it will continue to rebound at the effective support level
As long as you maintain a steady position above 85000, you can see the 87-88 position again. Recently, the market has been moving very slowly, mainly due to fluctuations
Find a high altitude and low altitude position to operate, and do not chase after breakthroughs.
Operation suggestion: Bitcoin 84300-84400 short stop loss 85200 target 83200-82500
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Disclaimer: 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
