BTC market analysis: #BTC #行情分析📈

On October 27, we asked everyone to get on board and prepare for the arrival of the bulls. It has indeed gone out of an independent upward trend. What should we do next?

I will use the daily trend as a reference⬇️:

First of all, this round of Bitcoin's rise is definitely unexpected to many people. After breaking below 53,000 on August 8, this low point has never set a new low. Bitcoin has begun to fluctuate and rise. There are many people who short along the way. Therefore, after a round of new highs, there is a high probability that there will be a small-level correction. The position I currently see is in the supply and demand range I drew in the figure below~

Operational suggestions:

Take a short order near 72,000, the first stop profit is near 69,441, and the stop loss is near 72,700.

Never enter at the market price!!! 72000 is also a very sensitive position. The main force is likely to touch it. If the daily line closes with a long upper shadow, you can enter the market right away and make a swing short order~

For those of you who are in the spot market, if the copycat market has gained, be prepared to sell before the big market is about to close, and then re-arrange the layout. The layout position is the same as the profit stop position of the big market!