#Blockchain, Tuesday evening presentation by Hangqing

After the price of the coin retreated to a low of 88721 yesterday, it began to rebound, reaching a peak of 92563 where it faced resistance, currently priced around 91500. The current trend has become quite clear, and there is no need for excessive analysis; making profits relies on action rather than analysis. As long as the direction and Silk Road are correct, the most important thing next is execution.

In terms of the current trend structure, a strong situation continues to consolidate at a high level, which also represents a time transition for the short-term structure. Therefore, it is possible that the strong trend may continue this week. Whether it will continue to strengthen after a short-term consolidation at high levels still needs further confirmation; just because it hasn’t dropped from a high level doesn’t mean it will rise. Don’t rush to go long; only when clear signals appear can one take long positions. Patience requires time, and not all market movements will develop as expected nor will they fluctuate according to personal ideas. Therefore, during the high-level consolidation and correction phase, if no clear reversal signals appear, it should still be viewed according to the high-level trend. From the four-hour chart perspective, the overall structure is in a box range consolidation, making it relatively simple for us to operate; just operate around this range.

Evening suggestion:

Short-term rebound around 91500-92000 for a short position.

Target aimed at 89500-89000 points #Bitcoin plunges, 290,000 people liquidated##BTC☀