May 9th
Yesterday, there were actually 3 situations. The first was to open a short position directly~ This type of person is very rare because there wasn't any significant pullback yesterday. The second was to open a long position the day before and gain over 99,000~ This type accounts for the majority. The third was to chase long positions after breaking 100,000, reaching 102,000-103,000. For this type of blogger, we can say they are very decisive and have enough understanding~
There is no resistance above 100,000. If it goes up, the target above is around 103,000~ I believe many enthusiasts have managed to catch this wave of movement~
Currently, the price has reached the critical long-short dividing line of 105,000~ BTC is indeed facing some 'resistance adjustment' here~ Of course, there is also one 'very, very important' point, BTC.D (Bitcoin market dominance)~ This downward trend indicates that funds in Bitcoin have begun to accelerate towards altcoins starting today~
So, based on the current trend, BTC is likely to undergo a 'high-level consolidation' movement~ As long as it can maintain above 100,000, many altcoins will experience a round of catch-up~ Everyone can take a look at the altcoin list provided by bloggers today; there should still be opportunities to profit~
This wave of increase has just ended, and the possibility of a V-shaped reversal is very small~ For those who like to test the peak, you can give it a try, but the main focus should still be on altcoins that have not experienced a 'catch-up'!!! 😝😝😝😝😝😝😝
