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Wednesday Morning Thoughts on 1.21
From the current market view of Bitcoin, the four-hour Bollinger Bands are showing a widening downward trend. After the price broke below the lower band, it experienced brief support at the upper and middle bands, which are both continuously pressing downward. The current trend is dominated by bears. Morning trading suggestions are to mainly short on rebounds.
Bitcoin: Range of 89,400-90,000, with a downside target near 87,000.
For aggressive traders, enter in batches and set proper defensive positions. #欧美关税风波冲击市场 $BTC