【BTC Analysis】 The bulls successfully defended USD 40,000, and the heavy volume broke through the upper rail of the channel 42550U in 1 hour.

01-12 10:1563284



At 0:00 this morning, Bitcoin’s heavy volume broke through the 1-hour-level channel upper rail position of 42550U, and then began to oscillate. Fortunately, in the next several hours, the market closed above the channel upper rail position. We can judge that as Effective breakthrough; according to the channel theory, the next target is the Shang Silicon Valley position of the next extension channel as the target. As of 9:00 tomorrow, it is expected to rush to 45000U. The increase point can be placed near 42500U and the stop loss point is placed at 42300U. Can.

Likes 0
Declaration: This article is published with the authorization. And it can't represent FTFTX's standpoint. Please note the source of article if it is reprinted: www.ftftx.com
All Comments(0)

FTFTX APP DownloadUse
iOS 9.0 and above
Android 4.3 and above