Bitcoin

The rebound from yesterday did not continue, and there was a retracement correction in the later market. As of now, the lowest point touched is 26360. The support effect in this area should still be relatively obvious, and it is the focus of attention today. After the retracement from the high point yesterday to this level, there is still a $900 downward space, which still has a certain strength. Therefore, in the short term, we need to pay attention to the retracement and the key support below. If it fails to break through, the bullish trend will still be maintained.

On the daily chart, the overall performance is an upward trend, still showing strong and powerful performance, without a significant retracement. This means that the current decline will not disrupt the overall upward momentum. It is just an episode, and the upward trend will not change easily. Continuing to be bullish in the long term is our long-term strategy for the market layout, and we still maintain the main trend direction for participation.

In the short term, the focus of the Asian-European session is at 26400. The outcome will affect the overall trend today. Without breaking through the oscillation, it can still rise to as high as 27000. The U.S. session is still a key time for a reversal in the market. The recommendation for operation is still to go long.

Bitcoin

Direction: Tend to be bullish

Reference level: Go long in the 26400-500 area.

Defense level: Combined with a single position loss within 8%.

Target level: Look at $1500-1600.

For more information, please follow Lao Feng's WeChat public account: Lao Feng Shuo Bi A

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