Tuesday, Bitcoin's long and short reversal wash, how should we operate in the future?

Bitcoin, yesterday surged strongly to 122,450, but failed to stabilize, and in the latter half, it fell back, continuing today’s early session to a minimum drop to around 118,000. In the past 24 hours, a total of 562 million dollars were liquidated across the network, with the majority being long positions, among which 360 million dollars in long positions and 200 million dollars in short positions were liquidated, affecting more than 153,800 people! In this market, many players must have taken a hit, and the washout sentiment has emerged, so at any time, one must follow the operational philosophy and always maintain a respectful attitude towards the market, which is the fundamental principle!

On the short-term node, the early session's pullback directly swallowed yesterday's upward wave. Currently, after a night of time and space movement, the early session low has not effectively broken down, reflecting one clear signal: buying pressure is gradually warming up, and without negative news to drive it, it should return to the previous upward rhythm.

In terms of short-term operations, one can continue to rely on support above the previous low to look for upward movement. At this stage, take one upward move first to see a rebound; if it crosses the pressure level of 120,000 again, it is expected to continue climbing.

Tuesday, operational strategy

For Bitcoin, look for upward movement in the 118,000 to 118,500 region, targeting 119,800 to 120,500.

In facing the market, we must follow the trend, assess the situation, and never be blindly stubborn! #CPI数据来袭 #BTC重返12万 #ETH突破4300