Bitcoin, yesterday broke through the short-term consolidation range and continued to rise. The daily price attacked the 10-day and 20-day moving averages, encountered resistance, and quickly retraced, closing with a neutral candle. The overall trend is still in a weak state.
In terms of the intraday structure, the current main participation layout is mainly short. The early morning rebound high point is around 27,275, so the area around 27,300 is used as a dividing point for the intraday layout. If there is no effective rebound around midday, the weakness will continue effectively.
From the perspective of the market, after a short-term consolidation, there has been a four-day consecutive rise, indicating a short-term continuation of the bullish trend. However, the overall rebound momentum is still not strong. The Bollinger Bands on the hourly chart have opened for the second time. Once it breaks through 27,700, it will inevitably reach above 28,000. If the European session continues to weaken, then a second decline in the bearish trend will occur in the 4-hour cycle, with the focus of the decline being the low point support around 26,700.
Although it is uncertain whether it will break the low during the US session, based on the current short-term trend, Bitcoin still belongs to a weak operation. Short first on the rebound, with support in the long.
Bitcoin
Directional bias: Short
Reference level: Consider going short around the short-term area of 27,300 for testing pressure!
First target is around 26,700, with defense at 27,750.
For more firsthand information, follow Lao Feng's WeChat public account: Lao Feng Shuo Bi A
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
