BTC technical analysis and trading strategy suggestions
Judging from the current technical form, BTC prices continue to run below the middle track of the Bollinger Band, and the overall trend continues to be weak. Although the KDJ indicator has entered the oversold area and has certain technical rebound conditions in the short term, since the overall downward trend has not yet shown any obvious repair signals, the rebound amplitude is expected to be suppressed, and the short judgment will still be maintained in the medium and long term.
In terms of trading strategies, investors are advised to continue to maintain risk prevention and control awareness and set clear stop loss positions to deal with possible sudden fluctuations. At the same time, refer to the direction of morning strategy and maintain the operational idea of shorting when the highs are highs.
Recommended strategies:
Short order reference range: 86000 – 85500
Downward target range: expected decline space 1000 – 2000 points
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