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7.1 Chenfei Talks Coin
The market for Bitcoin is in a bearish trend, reaching a low around the 107,000 position. Currently, on the technical side, the Bollinger Bands are also opening downward. The market has formed two consecutive bearish candles and is at the bottom support level, oscillating around this support. However, the overall support level below is still relatively strong. After testing the bottom, it is highly likely that the market will rise again. Therefore, it is recommended that everyone consider entering long positions after this test of the lows.
Bitcoin (BTC)
Direction: Long Position
Current price: 106800～106600
Take profit: 107500～107800
Stop Loss: 106200
As an 8-year veteran investor, I am skilled in various operational techniques, accurately grasping high and low points for resolution, and maintaining a stable approach. There are no difficulties in trading; everyone is welcome to communicate.