$BTC
The big pie has risen continuously for more than 20 days, from 23000 points to nearly 98000 now, an increase of nearly 10000 points. However, the upward momentum has clearly weakened, and this round of rising is about to end; it is highly likely that we will face a significant correction, with an initial correction target around 88000. However, the correction will not happen all at once; there will be fluctuations in between.
The interest rate meeting on May 8 is a key point. This is an uncertain factor in terms of news, and it is currently difficult to predict its impact. If the meeting releases negative news, then the big pie may have a significant drop; but if it signals a rate cut, the market may undergo a major reversal. Nevertheless, regardless of the outcome of the interest rate decision, it is highly likely that the big pie will have a correction of around 10000 points.
In terms of operation, it is relatively simple. If the big pie once again stands above 97700, this is an opportunity for a short position. If it can drop to around 95000 today and then stop falling, that would be an opportunity to go long. Overall, the current market is characterized by high short and low long positions.
Want to double your account, want to enjoy substantial profits, want to recover losses successfully
Stay closely with Zhan Hu and position in advance for the main upward trend of the bull market!
