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Is 50,000 the last bottom before the bull market?In an uncertain market, you can only grasp the relatively certain parts. The market is chaotic most of the time, and only rarely will the evidence supporting a certain price direction appear to overlap and form a cross-validation. This is also a good time to intervene with a good profit and loss ratio. At the same time, we also look at the dimensions of capital sentiment, chip distribution, technical analysis of trend positions, and cross-market validation. First of all, from the perspective of the situation, 50000-52000 is a key support range, which covers the bull market support line of 52000 and the consolidation range before the surge in February. So I will pay special attention to the support of this range. When the price reaches 50000, RSI has entered the oversold range. The last time it entered the oversold range was in July, and the last time it was in August 2023.

Is 50,000 the last bottom before the bull market?

In an uncertain market, you can only grasp the relatively certain parts. The market is chaotic most of the time, and only rarely will the evidence supporting a certain price direction appear to overlap and form a cross-validation. This is also a good time to intervene with a good profit and loss ratio.
At the same time, we also look at the dimensions of capital sentiment, chip distribution, technical analysis of trend positions, and cross-market validation.
First of all, from the perspective of the situation,
50000-52000 is a key support range, which covers the bull market support line of 52000 and the consolidation range before the surge in February. So I will pay special attention to the support of this range. When the price reaches 50000, RSI has entered the oversold range. The last time it entered the oversold range was in July, and the last time it was in August 2023.
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