After two rounds of surges yesterday, the market also showed weakness and continued to fall, with the lowest reaching around 44,600. It was not until this morning that bulls made any moves to recover.
Yesterday, I gave you the idea of low and long, and successfully copied a short-term bottom for everyone, giving you up to 60 points of space. In this round of negative decline, the long stop loss was swept away many times in a row, chasing long and sweeping, low and long, and long Is the army trembling?
Looking at the trend, if the bulls want to maintain this upward trend, then they cannot fall below 44200. Another point is that if this rise returns to the starting point in a short time and all the chips below are released, then this rise will be in vain. It’s meaningless. The bookmakers are not doing charity. They have to at least test the bottom stop loss again. So we don’t consider the big retracement. This round of bullish retracement is consolidating and gaining momentum, and the bottom support has been basically confirmed. Near 44400, waiting for the bulls to exert their strength again, the upper pressure should be at 46700-48000. So our short-term layout today is still low and long. The market will refer to 45000-44800 to place long orders. The short-term target is 46000-46700, aunt 2360 Look for 2450-2500 near -2350. If the market is about to gain strength, it should be at 2600 or 2700. Another point worth mentioning is that if the market falls back to 44600 and shows a consolidation trend, you can still go long or cover long. #BTC