And our 81,500 orders successfully entered a long position!

The situation with Bitcoin is quite serious! Since the end of the crypto summit, it has been continuously declining with reduced trading volume, dropping to the 80,000 position today!

The White House crypto summit had positive expectations before it started, but ended up being negative. There hasn’t been much momentum for an upward trend, so the overall trend still looks bearish. Today's weekly closing doesn't look great either; we are currently near a support level on the weekly chart. This week, we should see a rebound to fill the gap of 83,000-86,000 on CME.

However, looking at the overall trend, it seems we will continue to decline to levels starting with 60,000. From this perspective, it would be suitable to consider buying the dip. Today, we can pay more attention to the area around 81,500. If it retraces back to this price, we could open a small long position, as the cost-effectiveness is quite good!

It all depends on what happens when the US stock market opens tonight! $BTC #加密市场回调