Yesterday, $BTC made a purchase, reaching 1500 points, . In the middle of the night, the US stock market rebounded strongly, Bitcoin quickly caught up and returned to near the previous high!
Today, Bitcoin continued to rise again, in the uptrend, obviously could not withstand a little stimulation, after the US stock market rebounded strongly, Bitcoin also started a strong recovery path. At present, it is still operating below the upper line of Bollinger Bands, while the lower line of Bollinger Bands is seriously narrowing. KDJ three lines are in the oversold zone and are turning up strongly, KDJ two lines are rising, but the trading volume is gradually shrinking. Although the major trend is still bullish, we need to guard against correction!
Looking at the four-hour time frame, after the cryptocurrency price fluctuated up and down, due to the strong recovery of the US stock market, the cryptocurrency price rose sharply with a large candle breaking the upper line of the Bollinger Bands. From midnight to morning, there was no major correction, but in the morning, in the uptrend, a bearish candle with a morning star shape was formed. The signal of a bearish candle at a high is something that everyone should be clear about! Therefore, today, I recommend entering a short position first! Resistance above looks at previous high 65000, support below looks at 62500 and 62000, if it breaks strongly look at 61500.
Bitcoin trading strategy on 9.25: Currently price around 64100, first enter short position around 64400-64700, target look at 63500-63000, if it breaks hold position look at 62500!
