Jingmen Xiaodangjia: Views on Bitcoin Trend
京门小当家
2021-03-17 04:57
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20210317-market analysis

Bitcoin fell to the 8-hour support level this morning and then rebounded to the 4-hour pressure level, so the support pressure has been finalized, which is the 4-hour 55888~8-hour 54176 shock range.

Then when the upper pressure and the lower support are finalized, the later trend will follow the box shock and go immediately. If it falls below 8 hours, it will go to 12 hours (52000), if it breaks, it will be the daily line (47000), and if it breaks again, it will be (40000) But the most important thing is that the volume has not yet increased, and the decline without volume is purely fictional.

So follow the market trend step by step without worrying about what will happen in the future. Just do it right now, the overall is still mostly bullish, we set a strategy for ourselves, as long as the daily line does not die, we will not be short, and there are still 6 hours of unilateral expectations (provided that 54800 does not break in 6 hours), because before The 12-hour rebound has only reached 6 hours/8 hours at this stage. The rebound at this level has not gone away, and the current counter draw is the 1-hour MACD back-to-zero axis counter-draw. If the 1-hour yellow line support is valid, then the 2-hour decline will start due to insufficient kinetic energy. So don't blindly sell short, just do a rebound in place. The key support below (54800)

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