Investment research: pay attention to whether BTC can stand steady at US $ 8700 in the short term

According to the OKEx spot display, as of the start of the European session, BTC temporarily reported $ 8760.9 (-0.78%). Although BTC broke the upper edge of the hour-level shock channel last night, it rebounded to around $ 9,000 and again under pressure. It failed to break the previous high. OKEx analyst Neo believes that investors should not be too optimistic about yesterday's rebound and first rebound. It does not accompany the increase in trading volume, which is obviously a signal of insufficient bulls' strength. Secondly, the failure to break the previous high point proves that the rebound has no continuity. Therefore, it is necessary to focus on whether the currency price can stabilize above $ 8700 after the correction. And the rebound again needs to break the previous high and stand above $ 9,000. If it can, there is still room for the market to continue to rebound. Otherwise, it may continue to test the bottom of the $ 8500 area and even break below this point. Risk Warning: There are risks in entering the market, and investment should be cautious.