Bitcoin bearishness is based on the following:
1. Bitcoin closed in a continuous negative direction, indicating that the downward trend has not yet been completed.
2. According to the judgment of Miracle’s trading system, the five-wave rise of wave A has all ended. The current retracement trend of wave B has not formed a key turning point in the three-wave pattern, so it may be out of an extreme wave of decline.
3. The upper pressure is 20800-21500, and the lower support is 19300-18800.
At present, Bitcoin has fallen below the lower neckline of the upper head shape, and the lower space has officially opened up. The rebound in the market outlook will continue to choose high prices for short-selling operations. Bitcoin operation recommends shorting at 20400, stop loss at 21000, and take profit at 19300-18800.
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The market trend is relatively slow. patiently wait