Operational Ideas of Bitcoin: Can buy up in the short term

The recent sharp decline in Bitcoin's price is in line with expectations as it has been falling all the way down. Currently, the price has reached the support level range of the lower neckline, and short-term attention should be paid to the support situation around 21400. After the support plate stabilizes, it is advisable to enter into a short position. The recommended Bitcoin trading strategy is to buy at 21400 when it drops, stop loss at 20900, and target the range of 22800-23500.

The bearish outlook on Bitcoin is based on the following factors:

Although Bitcoin has fallen from its high level to the level of the previous platform, the overall trend is still dominated by bears.

According to the wave trading system analysis, the five-wave upward movement of Wave A has already ended, and the current decline of Wave B-a is approaching a key level, which may lead to a rebound of Wave B-b if it stabilizes.
The upper resistance is at 22800-23500, and the lower support is at 21400-20900.


At this point, friends who are entering should pay attention to the quantity, and if there is any uncertainty, they can join my personal discussion channel to discuss together.

Comment:

Rising, safe to hold