Bitcoin breaks down! Can more be done?
After Bitcoin experienced a week of convergence and shock with narrowing volatility, the volatility naturally amplified and fell below again. After the current market rebound, it was subject to the support-to-pressure area and the suppression of the 1-hour EMA20 and is retracing. However, overall the market is still relatively strong. 1. The decline is not deep and the decline is not smooth; 2. The rebound is very fast. If the market can continue to strengthen, then it should now step on the turning moving average at the 5-minute level and continue to climb up, that is, the positions of 43175 and 43100 should not go down anymore, otherwise it will be a downward trend at the 1-hour level, and we have to wait. Consider going long after a 1-hour level double bottom.
