Bitcoin afternoon market insights

Life is like a marathon, it is not about instantaneous bursts, but about persistence along the way. Once you have determined your goal, run firmly, every step counts, and every drop of sweat will create your glory

Recently, the Bitcoin market has returned to the box-shaped oscillation rhythm. Yesterday, after slowly rising to the 61,200 area, it was under pressure and stepped back. In the afternoon, it also came to 58,600 and rebounded. It is now back to the 59,300 line. The overall volatility during the day is not large, with a small oscillation trend. In the morning, it was given to 59,600-59,800 for short selling, and the rebound did not reach the target point. The current trend is still in oscillation, and short-term operations can continue to maintain a high-altitude thinking! If the decline does not continue, you can reverse more.

There are not many super changes in the overall trend. It was there in the morning and it is still there now. There is no obvious breakthrough in the trend. The K-line on the 4-hour chart has been closed by a large negative line after the continuous upward movement. The current market has not given too many rebound actions, and according to technical indicators, the bears are still likely to continue to fall. Therefore, in terms of operations, we continue to maintain the high-altitude thinking unchanged.