$BTC
Bitcoin's drop of four thousand points last night likely trapped many long positions, and this operation may have caused many family members to lose hope in this coin and faith in this circle.
At this moment, those wanting to go long might be afraid it will drop further, while those wanting to short might be worried about a rebound. Everyone should remember not to treat trading cryptocurrencies as gambling; it’s important to keep a steady footing and take it step by step.
Market liquidity is limited, so the outlook for going long on Bitcoin should be put on hold for now. Those who were trapped last night can come to me for more information.
Without further ado, let’s get to the point: today, pay attention to the 113500 level for Bitcoin. As long as it can break through and hold above this level, the market will continue to rise, targeting around 114700 and 115300.
If it cannot hold above this level, it will be considered a false rally, and the market will continue to drop, targeting around 110600 and 109500.
