The big coin has been declining in a stepwise manner after reaching a new high. Is it at the bottom now?!
Good morning to all fans, it's been a while since I last updated. In my spare time, let's briefly discuss today's market.
Currently, on the 4-hour chart, we can see that the big coin has been declining from the new high point in the 124500 area, correcting from 117000 to 119200, then continuing to drop to 116800, again correcting to rebound at 118500, and yesterday it touched the low point in the 114600 area again;
The above points clearly indicate that this decline has been rhythmic. The rebound from yesterday's low of 114600 is also very obvious from a technical structure perspective, showcasing a pattern of decline and correction. At present, it is the correction after the third wave of decline, and the high point of 117000 in the early morning will be a strong resistance area for the day. If it does not break through and rise, then today remains a bearish sentiment, looking for a further drop!
Specific operational ideas for reference:
Short directly near the 116000 area on the rebound of the big coin, with a stop loss at 117000, aiming for a target down to 112000! #Strategy增持比特币 $BTC