Thursday: Fluctuation adjustment, bears reverse to pick up people, giving bulls the last chance to get off

Market sentiment is a necessity and also provides room for adjustment. If utilized well, market sentiment can be an opportunity to find the way back. If one continues down a dark path without understanding market sentiment and holds onto a glimmer of luck, the final result is predictable.

In fact, the technical patterns every week are basically the same. Whether it is a drop followed by a rise or a rise followed by a drop, there will always be certain opportunities for adjustment. This is market sentiment. Although today’s market did not reach the perfect state we expected, we adjusted based on our own conditions in the afternoon and achieved good results.

Short term:

First trade: Bitcoin short at 85200-85800, with a stop loss of 600 points.

Second trade: Bitcoin long at 85900-87000, with a profit target of 1100 points.

Third trade: Bitcoin short at 86800-85800, with a profit target of 1000 points.

The market, which is ever-changing, sees back and forth as normal. The crazy bull market is in the past, and the current bearish trend is inevitable. The weekly declines will validate our thoughts; the 73000 level is just a matter of time. Friends who are recovering losses and chasing dreams can make good efforts while the market rhythm is favorable.

It is now midnight, and I will briefly mention the market situation. As we clearly stated in the previous video, the short-cycle level is still in a fluctuation and consolidation state, coordinated with market sentiment. The overall direction still belongs to the bearish weakness. The short-term back-and-forth is just a temporary adjustment. The upper resistance at the 87000 level remains strong, and going short in line with the trend is the clear path. Currently, the rhythm has shown a clear downward fluctuation pattern, and the high-pressure testing has also shown signs of decline. Do not act based on historical thoughts at midnight.

In the cryptocurrency world for eight years, market experience and trading intuition, technical structure, all-around development. Chasing dreams, recovering losses, unlocking, trust An Xinran, to help you out of trouble #比特币价格走势分析 #美联储降息预期 $BTC $ETH