Today, driven by news catalysts, there was a significant fluctuation in the market. In the morning, Bitcoin surged to around 91300, but after a boost in the volume of short positions, the price quickly fell back to the 86300 range.
On the daily chart, over the weekend, the daily line turned from bullish to bearish, forming a solid bearish candle. Currently, the daily chart shows a reduction in volume with a long solid bearish line appearing, indicating that the bearish power is gradually gaining the upper hand, and there has been a clear shift in the short-term trend of the market. The 4-hour level of the KDJ incremental momentum has not yet been exhausted, indicating that the strength of the KDJ is still being released during this period, and the downtrend may continue. Operational Suggestions Bitcoin: Around 87000 - 87200, target near 85000. Two Futures: Short around 2870 - 2890, target around 2750
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12.1 Silk Road in the afternoon
Today, driven by news catalysts, there was a significant fluctuation in the market. In the morning, Bitcoin surged to around 91300, but after a boost in the volume of short positions, the price quickly fell back to the 86300 range.
On the daily chart, over the weekend, the daily line turned from bullish to bearish, forming a solid bearish candle. Currently, the daily chart shows a reduction in volume with a long solid bearish line appearing, indicating that the bearish power is gradually gaining the upper hand, and there has been a clear shift in the short-term trend of the market.
The 4-hour level of the KDJ incremental momentum has not yet been exhausted, indicating that the strength of the KDJ is still being released during this period, and the downtrend may continue.
Operational Suggestions
Bitcoin: Around 87000 - 87200, target near 85000.
Two Futures: Short around 2870 - 2890, target around 2750