Good afternoon, everyone! I will talk briefly today. If you like it, please pay attention. Thank you!
Yesterday, after a round of strong rise, Bitcoin continued to rise and reached around 66,500 this morning. This is also the high point in September, and it is likely to break through. Will it be able to successfully break through the previous high and reach the 70,000 mark?
I think, not necessarily? First of all, the high point in September was also around 66,500. As for whether it forms a short-term suppression, that is, the so-called double top, this is worth considering. Secondly, was yesterday's rise caused by real buying or other X factors? Right? You have to pay attention to this! Staring at the market trend chart every day, if it rose 4,000 points yesterday, it rose, and if it fell 4,000 points, it fell, then if you trade like this, it will be a matter of time before you fall!
Pay more attention to the 62,000 area below. This is the price position calculated by the last large amount of funds entering the market. This is why I firmly arranged 62,000 to see the rebound.
The short-term long-short game stage has not ended, so now it is 70,000 or 80,000, that is a later story (although I personally firmly see a new high and break the historical high), but not in this period of time. The formation of a trend requires a certain amount of accumulation, not immediately!
Today's direction is still around the shock to arrange. If it falls back first, then go long. If it rebounds first, then go short. The market is very simple. There are a lot of good analyses in the market. I am just talking about my views!
Another thing to say is that don't worry about the orders. Before the trend is formed, there is a chance to solve it!
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