Bitcoin does not surge in the lead, but the decline is the leader. After the daily line skyrocketed, it has been horizontally in the Bollinger Band. The $10,000 becomes a difficult hurdle.
No breaks and falls in the horizontal MACD while continuous horizontal movement will lead to a plunge in price.
The support of the news has been exhausted. What we need to wait for is the price will fall again in the long run. There are still two months to reach the annual line. Compared with the annual increase percentage, the current position of Bitcoin is still high.
Suggestion:
$9,100-$9,000 entry, target 9300-9350, Stop loss $8,800
Paying attention the resistance above continues to focus on around $9,500, with the support below to the $9,200
No breaks and falls in the horizontal MACD while continuous horizontal movement will lead to a plunge in price.
The support of the news has been exhausted. What we need to wait for is the price will fall again in the long run. There are still two months to reach the annual line. Compared with the annual increase percentage, the current position of Bitcoin is still high.
Suggestion:
$9,100-$9,000 entry, target 9300-9350, Stop loss $8,800
Paying attention the resistance above continues to focus on around $9,500, with the support below to the $9,200