[What’s next for the market? 】
News can be fake, but technology cannot deceive people.
Yesterday we issued another article reminding us that the market price will be above 2.9w. Our previous view has always been that it has been firmly bullish from 2.5w+. We can check the analysis records of the market earlier. Let's talk about it again. Yesterday, through a piece of fake news, BlackRock's Bitcoin spot broke through to 30,000 in one fell swoop, and then quickly pulled back. Many people lost their contract positions, so it is still recommended that everyone focus on the technical side and supplement the news side. It is not easy to be deceived, especially in the global and non-strictly regulated environment of the cryptosphere.
The market has now broken through and pulled back to around 28,100. We can see in Figure 2 that yesterday it stood strongly above the yellow trend line again, and macd formed a golden cross. In Figure 3, the weekly line also broke above the middle track of the Bollinger Bands yesterday, and the weekly macd is also preparing to A golden cross is formed. Generally, there is a high probability that there will be a rebound after such a strong breakthrough and callback. The market may rise to the upper red trend line, which is around 31,000. After that, we will switch to bearish, because the market There is not enough liquidity to support a larger space.
Current operational advice: We still use the yellow trend line in Figure 2 as a judge. If it falls below this line, stop loss and exit. If it does not fall below effectively, you will not be out.
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