Crypto Mr. Coin: 9.24 Bitcoin (BTC) market analysis reference.

Bitcoin maintained a rebound and fell trend yesterday. The previous range of fluctuation has been broken, with the high moving to around 64745. In the morning, the intraday trend continued to pull back, and currently the price has retraced to around 63000. The daily trend is still in consolidation, with the intraday range expanding continuously. If it breaks below the short-term support at 62500 again, the market is expected to retract. Mr. Coin suggests that everyone in the cryptocurrency community be prepared.

　　

Looking at the short-term four-hour chart, the current price retracement has fallen below the midline support, but has not broken down again. If the rebound fails to continue for a long time and once the bullish energy is exhausted, there is a risk of a further retracement in the coin price. Although the price has rebounded, it has not broken through the resistance area, and the bullish momentum is gradually weakening. In addition, the five-day and ten-day moving averages are starting to flatten out, as shown in the attached chart.MACDThe upward strength of both the Stoch lines is weakening, indicating a potential convergence. Therefore, it is expected that the weak oscillation pattern will continue, with the risk of retracing to the support below the price intraday. All cryptocurrency enthusiasts are advised to be prepared.

Short-term reference for 9.24 Bitcoin.

Long position, long in the range of 62500-62200, defend at 61000 to make up, stop loss at 60500 points, target above 63000.

Short position, short in the range of 63600-64000, target below 62900, defend at 65300 to make up, stop loss at 300.

There is a delay in the delivery of the chapter, the strategy advice is for reference only. The market changes rapidly, no matter how high the judgment of the market is, take profit and stop loss must be well managed, safety comes first.