BTC is going crazy with 7,000 points. Is there still a chance to get on board?
Don’t rush to chase it. The signal of stabilizing the market is that the four-hour level will not break the previous low. There are two entry opportunities according to different trends.
1. If the market falls, long orders will be entered at the first round of 15-minute level rebound. The resistance 53,200/support 49,600 range will be used in batches. The stop loss will be set at the previous low of 48,888.
2. If the market falls sharply, take the needle at 48,888. Use the needle method mentioned yesterday. How to judge it yourself?
This is the only range worth gambling from the current perspective. If the bottom is confirmed, 58,000 can be seen first. If the previous low is broken, it means that the 2 steps are invalid and you have to find a new opportunity.
