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Wednesday Morning Jing Yi Cao Zuo Si Lu Analysis
Bitcoin breaks 90,000! The bears have completely taken control, and the weakness in the US stock market has caused Bitcoin to collapse, directly falling below the 90,000 level. The previous oscillating upward pattern has been completely broken. On the daily chart, there is a large volume drop with a big bearish candle breaking through the middle band and the 30-day moving average. The MA5 has turned downward to form a death cross, and market panic is at its peak.
On the 4-hour chart, the bulls have no resistance, Bollinger Bands are widening rapidly, and the MACD remains in a bearish expansion. Focus on the rebound strength in the early session; if the rebound is weak, the downtrend will continue.
Trading Recommendations
Bitcoin: Short at 88,600-89,100, target 88,000-87,200
Altcoin: Short at 2,950-3,000, target 2,900-2,850#Gate每10分钟送1克黄金