The first wave in June, 6,470 orders captured #BTC, dropping from 106,775 to 100,305!
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On the 3rd at 23:00, when $BTC was surging, Teacher P reminded: “It’s hard to push through at this position in one go; there’s a high probability it will pull back. If the price pushes close to 106,500, then it might rise, but starting the surge from so far away is basically a trap.” As a result, the market immediately turned around and continued to decline.
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On the 4th at 11:00, it was announced that there is currently a significant divergence, and 107 is a major resistance level, so there’s no need to go all in here betting on a breakout; the risk-reward ratio is terrible.
On the 5th at 14:00, it was announced that the current structure is bearish, and market makers are more inclined to push the price down. The market is forming a triangle convergence, with the price oscillating around a median axis; it is advised not to operate aggressively.
On the 5th at 22:00, it was announced again that the outlook for the day is bearish. Stay cautious and patiently wait for better opportunities!
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#Cryptocurrency #InvestmentStrategy #MarketAnalysis
