Hello everyone, I am Eleven. I will update Bitcoin every day, keep up with the situation, and seize the best opportunity to open an order.
Eleven found that in yesterday's Bitcoin market, the market also experienced a sharp fluctuation. A needle directly hit 35,925, surpassing the first target. After that, the market quickly entered a trend of oscillating decline, with the lowest point reaching 24,312. Subsequently, the price of Bitcoin began to pull back, and the current price is hovering around 34,600.
From yesterday's highest point to the lowest point, we found that the price has adjusted back by more than 1,700 points. As for the next trend, we think that after this wave of rise ends, there may be a retracement of 2,700 points. So, does this decline indicate a retracement above 2,700 points, or is it just filling the gap in the shock?
Here, Eleven believes that although the price of Bitcoin has experienced a certain degree of correction, it is still in an upward channel.
In the face of the sudden decline, for the future market trend, eleven suggestions can focus on the following aspects:
First, we need to observe whether the correction of Bitcoin prices is coming to an end. Eleven believes that if the market starts to rebound, the price may continue to rise to a higher level. Secondly, Eleven recommends paying attention to recent changes in news, especially policy factors, which are likely to have a huge impact on the market. Finally, Eleven reminds all participants to always pay attention to market sentiment. If market sentiment turns pessimistic, it may increase the market's correction.
We believe that this round of correction does not mean the end of the Bitcoin market, but a certain degree of adjustment after the market has experienced a sharp rise. This adjustment is a normal market phenomenon, which is conducive to the long-term healthy development of the market, and also provides new opportunities for participants and an opportunity to enter the market.
If you have any questions, you can ask me directly. As long as it is something I know, I will tell you everything!
