This time, with Japan's interest rate hike, BTC did not plummet, so the risk is alleviated. We can safely go long on a pullback.
Don't come back with a surprise attack, or I can only curse you, old Mu.
Currently, from the daily chart perspective, BTC has a bullish engulfing pattern, with funds entering the market, but the volume is relatively low. Don’t chase the highs; wait patiently for a pullback. You can short at key resistance, but don't hold a long position for too long. The pattern still shows a demand for a rebound. The upper resistance is around 94000.
On the hourly level, I recommend shorting at 89000, adding at 90000, stop loss at 91000, and target around 85500.
On the weekly level, the larger cycle is still a bearish pattern, so short at the key resistance during a rebound, don’t fear pulling back to previous lows; a pullback can still present long opportunities.
Unexpectedly, to deceive and confuse,
if you want to make money in this market, you need a normal brain, or it will just be dulled.
