$BTC BTC Strong rebound of 5000 points
What should we do next?
BTC surged yesterday without any pullback, directly rising from 100300 to around 105300, a full 5000 points, which is indeed very rare. Does this strong rise indicate a reversal in the market? Actually, it does not. This strong rebound is due to the support of the round number at 100,000 and the lower Bollinger Band, and this is also a critical point that many people are watching for a sharp fall or sharp rise. If it breaks 100,000, there will be a significant drop; if it doesn't break 100,000, it will rise again. The market makers must utilize this point to create some atmosphere. So, let's talk about the next steps.
If BTC is to go up further, the first target I see is around 106200. If it reaches this level, we can consider positioning for a short. If BTC retraces, it will definitely not drop to the 100300 level; this level cannot be broken for more than a week. As for where the retracement will go, personally, I see it around 102000. At this level, we can consider positioning for a long. Please adjust the specific position based on actual circumstances.
The above views only represent personal opinion and are for reference only. Those who open positions bear their own profits and losses; trading should still be adjusted according to the actual market.
Additionally, a side note
I wish all students around the world great success in their exams, and may they achieve top honors. [salute]
Wishing all candidates good fortune and victory. May you rise like the phoenix. Since ancient times, honors belong to the youth. Do not say the path of knowledge is steep; the youth can climb the ladder to the clouds. Do not say that the sea of learning is vast; what is there to fear in pursuing your ambitions? In this fervent summer, you are about to submit an important answer sheet in your life. This road of hard work and swift writing, we who have been there call it youth. It is an unforgettable journey, with memories that will last a lifetime, and there may also be a bit of anxiety. With day-to-day efforts, tempered like steel, this is also a bridge that leads you to distant horizons. This chapter, torn open by the sound of cicadas, you will ultimately write about the long and challenging road, yet fearless under the stars. After ten years of hard work, you will finally break new ground. Keep going, in this vast world, you will need to examine it for yourself.
