Bitcoin In the short term, there will still be a downtrend
Hi traders Merry Christmas!
Until yesterday, the trend of bitcoin fell behind, and the situation further weakened, and the minimum fell to $7,228. This morning, the price was supported by the Bollinger Band Middle Rail, and it is currently consolidating around $7,250. The MA5 and MA30 are bonding and flattening to form the recent pressure level, and the lower MA10 crossed the Bollinger Band middle rail to form the support.
If the $7,200 line can be stabilized today, the subsequent trend may still return to the upward rhythm.
The MACD indicator runs upwards, and the STOCH indicator begins to flatten near the 50 level. Overall speaking, the overall trend is still in a volatile trend. I believe that once the support force below is strengthened, the situation will face a reversal, and the operation is recommended to be changed from short to long.
[BTC operation suggestions]
Entry: $7,100-$7,050 see $7,250-$7,300
Short $7,300-$7,350 look at $7,150
Until yesterday, the trend of bitcoin fell behind, and the situation further weakened, and the minimum fell to $7,228. This morning, the price was supported by the Bollinger Band Middle Rail, and it is currently consolidating around $7,250. The MA5 and MA30 are bonding and flattening to form the recent pressure level, and the lower MA10 crossed the Bollinger Band middle rail to form the support.
If the $7,200 line can be stabilized today, the subsequent trend may still return to the upward rhythm.
The MACD indicator runs upwards, and the STOCH indicator begins to flatten near the 50 level. Overall speaking, the overall trend is still in a volatile trend. I believe that once the support force below is strengthened, the situation will face a reversal, and the operation is recommended to be changed from short to long.
[BTC operation suggestions]
Entry: $7,100-$7,050 see $7,250-$7,300
Short $7,300-$7,350 look at $7,150
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