Short-term-king

Take advantage of Bitcoin's current transactional opportunities

Long
Short-term-king Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Because it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.

Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.

On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.

In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.

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Trade active:
The price of Bitcoin has also fallen below 28,400, and you can continue to hold it to expand your profits.
Trade active:
At present, the price of Bitcoin has fallen below 28350, and our short order above 28600 is currently receiving a profit of 250 US dollars
Comment:
At present, Bitcoin is around the 27900 line, and our short order above 28600 has made a profit of about 700 US dollars, which is great. cheers for us
Comment:
What do you think about the trend of Bitcoin next?
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