$BTC Market Report! How is everyone recharging over the weekend? The market hasn't been idle this Monday; there was a sharp drop at 6 AM this morning, and the prices plummeted like going down a slide with a 'bang'. Those who got trapped at the high points must be bewildered, surely cursing to themselves, wondering how it could drop like this out of the blue.
To be honest, from my observations of this market, I still firmly hold a bearish outlook on the overall trend. Let's not rush into hasty operations; instead, let's patiently wait for a rebound. When the price rises to a high point, we can short it directly and earn a hefty profit from the bears.
Let's take a look at the 4-hour candlestick chart. Currently, the support level below is temporarily holding against the pressure, and prices are rebounding. However, at this moment, don't get too impulsive and try to grab short positions; this short-term market is too volatile and hard to grasp. If you're not careful, you might end up losing even more. Let's stabilize our mindset and wait for the price to rebound to a suitable high point, decisively taking short positions and letting the market pay us!
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