BTC still failed to break through in the short term
When the BTC trended up yesterday, it did not break through the resistance. Instead, it was suppressed by the shorts.
Because of the lack of long push, the inability to resist the short-selling offensive led to a further drop to the new support $9,100, and the trend finally stopped at $9,111. This shows that the position below $9,100 is an important support point. If the support is broken, the trend will fall further and find a new support position near$9,000.
At present, the trend has broken through the lowest point of the previous cycle, but encountered a support point at the bottom and carried out a low-level callback, stopping the short-selling offensive. The MACD trend began to increase. as well as STOCH and RSI indicators. The downward volume posture is slowed down.
My suggestion:
Pay attention to the $9,100 support. If it is not broken, you can enter the market more than this line. The target will see $9,400-$9,350.
Entry:$9,050—$9,150
Stop Loss: $8,950
Take profit: $9,350—$9,400
Because of the lack of long push, the inability to resist the short-selling offensive led to a further drop to the new support $9,100, and the trend finally stopped at $9,111. This shows that the position below $9,100 is an important support point. If the support is broken, the trend will fall further and find a new support position near$9,000.
At present, the trend has broken through the lowest point of the previous cycle, but encountered a support point at the bottom and carried out a low-level callback, stopping the short-selling offensive. The MACD trend began to increase. as well as STOCH and RSI indicators. The downward volume posture is slowed down.
My suggestion:
Pay attention to the $9,100 support. If it is not broken, you can enter the market more than this line. The target will see $9,400-$9,350.
Entry:$9,050—$9,150
Stop Loss: $8,950
Take profit: $9,350—$9,400
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