$BTC has risen again, are you still getting in when it falls and getting out when it rises? Look at the chart to find the reason!
Let's talk about the situation with Bitcoin. My viewpoint yesterday was to buy on dips, with support seen at 114,300. Yesterday, Bitcoin's lowest retracement was to 114,200, after which it began to rise. By evening, it was close to our second target of 117,000, reaching a high of 117,600.
Bitcoin has risen for two consecutive days, reaching the target level, and has also cleared out nearby short positions. I think Bitcoin needs to consolidate well next, to build strength for the next breakout. But I must emphasize, never short, never short!
Everyone can clearly see that every time it goes up, the trading volume increases, and during retracements, the trading volume decreases, which is obviously a bullish structure. In a bullish structure, retracements are mostly adjustments in the trend; we should only consider shorting when this structure is broken.
Currently, the support levels are 116,200 and 115,600, and the resistance level is 118,000. I have been urging everyone to get in since around 115,000, and this is all documented; everyone can refer to the second chart. Many people often say they weren't on board when it was rising but were on board when it was falling, the reasons are all in the chart, take a good look yourself.
The 10x opportunity has already presented itself, I've already bottomed out! While you are still doubting its authenticity, I have already gone all in. Although the villa is not yet by the sea, I hope this time it can come true.
