4.4 Idea Sharing
After the significant drop in selling pressure at 4.3 early morning, there hasn't been much of a rebound in Bitcoin yesterday and today, indicating a lack of market confidence, and the bottom-buying army is absent. Yesterday's expectation was for further decline, but a wait-and-see approach was chosen. As a result, it touched the previous low around 81100. In the long run, even if Bitcoin fluctuates next, it will approach the upper trend line. This downward movement has reached a critical period; whether it will break through or head towards the 7xxx range will be seen soon. My expectation is still for a breakout.
On the hourly level, the momentum has started to build today, operations have reverted to focusing on the main trend, with similar actions from Yitai.
Operational Reference
Bitcoin around 83700-84200, target 85000
Yitai around 1800, target 1850
