Bitcoin’s short-lived shakeout could be rewarded with a better upswing

In the four-hour chart, the Bollinger band is open and its lower rail is expanding outward, the market is also running in the direction of its expansion, the average lines are moving downward, the resistance above is heavy, the short-term trend is mainly oscillating.

Now it has come to the end of May, the market even hovered in the low shock, did not create a new low point, while the high point is also late to rush up; and for the June coin circle in the good news or more and important meeting is also arranged in June within the opening, plus the approach of the event NFT plate began to move, all want to take the opportunity to increase their own heat; we are waiting to see, waiting for the market reversal upward, waiting for the coin circle of this heat, and thus improve personal price.

Bitcoin midday market trends in detail

Sentiment Review.

Today, bitcoin opened not long after the 1,000-point drop, making the market sink 33633 points; after gradually recovered from the low, was a slow up trend, with the passage of time it was easy to return to the high point 35000 mark above the run, and was suppressed by the resistance above, there was a short retracement, and back to the low point 33381 points below; at this time the market again upward to start the offensive, and the wave up and how long it can maintain; the current entry funds are not very sufficient, most of them are still in the wait-and-see stage; only when the market appears to pull up significantly, it is expected to attract large funds to enter.

Bitcoin's short-lived shakeout could be rewarded with a better upswing

The four-hour chart, the Bollinger band opening, the lower rail is constantly expanding outward, the market also runs in the direction of its expansion, is now located at 34385 points; the average line are downward, the currency price fluctuates below it, the resistance above is heavy, it is difficult to break it up in a short period of time; the chart, MACD fast and slow lines running near the zero axis, showing a dead fork; RSI and Stoch are keeping a gentle posture running; thus it can be seen that the short-term trend is more to shock running.

Operation on the author’s proposal.

  1. to 34200 near the entry of more single, stop gain point is located in 35000, stop loss point is located in 33800.
  2. to 35200 near the entry short single, stop gain point is located in 34500, stop loss point is located in 35500.

Ethernet operation brief analysis.

  1. enter a long single near 2250, with a take profit point at 2300 and a stop loss point at 2230.
  2. to 2320 near the entry short single, the stop gain point is located at 2270, stop loss point is located at 2340.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bitcoins-short-lived-shakeout-could-be-rewarded-with-a-better-upswing/
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