[Analysis of the market on April 9, 2024]

[Viewpoint]: BTC is likely to go through a slightly oscillating downward consolidation structure during the day, so don't rush to buy the bottom! From the 4-hour level, it broke through the upper edge of the convergence triangle, and with volume, although there are slight signs of downward movement, it is still not possible to see a reversal. It is still based on the low-multiple thinking. The strong volume pull-up is followed by a slightly oscillating downward structural trend. There is reason to believe that it can still go through a long period. As for whether it is a long trend, we can only take it one step at a time!

[Reason]: In the potential consolidation range, the high-volume rise hits the top of the consolidation range. It is highly unlikely to break through immediately. Even if it wants to break through and continue the trend, it will take a period of consolidation! Therefore, the long orders since 67,000 were prompted to close at 72,150 yesterday evening. Although it did not close at the highest point, it also made a profit of 5,150 points. As for the intraday operation ideas, it has also been explained in the viewpoint!

[Operation method]:

BTC: Look for the right side stop-loss and stabilization signal at 70900-69900 during the day and go long, stop loss at 68800, the first target is around 72500-73000, if the volume falls, do not consider going long, and you can look for a stabilization signal to go long if it falls slowly to 70900-69900

[Summary]: The market can be V-shaped and stabilize at a high level, which can show strength. Although the price has slightly declined, the structure has not destroyed the rising structure, so it is still preferred to look long, and do not consider going short before the bearish momentum is seen!

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