Bullish sentiment is still continuing, last night's U.S. stocks gapped up high and continue to aim for new highs.
Bitcoin is rebounding and consolidating at high levels, rebounding continuously during the day, but it is clear to see that volume is decreasing. More retail investors are chasing the rise, and the open interest is also slowly increasing, releasing a positive bullish signal.
When emotions are high, you must manage your emotions well, avoid chasing highs and selling lows, and protecting your position is the top priority. This is the prerequisite for making money.
Back to the market.
The 4-hour level is near the downward trend line, trying to break upwards. In front of a strong bullish trend, do not rashly short, as it is easy to get hurt. Bulls need to pay attention to whether the volume can continue to follow after the breakout; otherwise, a false breakout can easily occur.
After the V reversal, the small-level bullish framework has already emerged. Short-term bull-bear divide at 103. Pull back low to follow the trend.
Several levels that need attention
Support level
First level 105100
Second level 103800-103000
Third level 101000
Resistance level
First level 107500
Second level 108400-108900
Third level 110500
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