5.4 Evening Thought Analysis
The Bitcoin chart showed a fluctuating 📉 trend over the weekend, with a volatility range of 952-965. Yesterday, it peaked at 966, and today it has retraced to around 952. It is noteworthy that when the price touched the bottom support level of 955 during the drop, there was a significant surge to 962, forming a 700-point 📈 increase, which validated the effectiveness of the 955 support level. Currently, it has dropped to 95200, not truly breaking the 955 support level, but rather leaning towards a false breakout to clear liquidity; the overall bullish pattern remains unchanged. In the evening, look for a rebound around 970, and then consider entering at a high 🈳 level. Make sure to set stop-losses and avoid opposing the market trend simultaneously.
Personal advice is for reference only.
The Bitcoin chart showed a fluctuating 📉 trend over the weekend, with a volatility range of 952-965. Yesterday, it peaked at 966, and today it has retraced to around 952. It is noteworthy that when the price touched the bottom support level of 955 during the drop, there was a significant surge to 962, forming a 700-point 📈 increase, which validated the effectiveness of the 955 support level. Currently, it has dropped to 95200, not truly breaking the 955 support level, but rather leaning towards a false breakout to clear liquidity; the overall bullish pattern remains unchanged. In the evening, look for a rebound around 970, and then consider entering at a high 🈳 level. Make sure to set stop-losses and avoid opposing the market trend simultaneously.
Personal advice is for reference only.
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BTC
94,738.92
-1.12%
