BTC reached a maximum of 118,882 yesterday and then fell to a low of 116,611 around 11 PM last night. In fact, considering the current situation, this pullback is quite small, even less than what I predicted in yesterday's article.
For such a large-scale trend, it doesn't reverse just because someone says it will. A shift requires time. To claim that the rise has ended and to constantly shout bearish sentiments can only be described in two words: 'gamblers'.
In short, the short-term rise is definitely not over yet; the pullback will only be minor.
Market Analysis
First, looking at the chart, BTC's 4-hour rise that started on June 23 has been very strong, with very few pullbacks. The rise indicated by the second arrow is also clearly not finished yet. I think we can first focus on 122,000. After that, there should be a retest around 115,000.
Short-term
Currently, I personally have no clear idea regarding short-term trends. My thoughts remain unchanged from yesterday. I will continue to focus on the range of 115,000 to 116,000. If it reaches that level, I would be bold enough to go long. As for the target, there is not much liquidity over the weekend, so a breakout seems unlikely. Being able to wait for a good entry point is already sufficient.$BTC #BTC再创新高 #BTC #BTC走势分析
