AKG-Trading

BTC Analysis

AKG-Trading Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Market Overview: USDT continues to have a negative premium, which means that there are still not too many new capital inflows. The amount of field memory is the main trading force in the current market, and it is difficult to promote the occurrence of large-scale rising market. The focus of attention in the fundamentals is that ALT coin is not accompanied by the decline of bitcoin, which is a landmark signal at the end of the bear market, and investors need to be alert.
Technical analysis: it is still in the wedge-shaped trend, and the ratio of single profit and loss of daily long space spot price is basically the same, 7450 constitutes the main long space Watershed at present, and 7100 constitutes the long actual defense line.
Time factor: if the intraday price still can't effectively fall below the 7100 support level, then there will be some trading pressure on the short market in the future.
Trading suggestions: keep high-altitude thinking in the day, but stop loss is still around 1.5%. Strictly follow yesterday's daily report, stop profit or move stop loss in time after price enters the observation area to protect the earned profit.
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