This morning, the closing price of Bitcoin increased by 2.22%, breaking through the short-term trend and is also very close to the long-term trend and the bull-bear boundary. In terms of operation, after increasing positions, we are currently holding cash and waiting for an increase.
Market trends are the result of interactions between different cycles. If the forces of two cycles are opposite, the short-term direction will be dominated by the smaller cycle, but the forces will weaken each other, leading to a slow adjustment in the small cycle direction. From January 21 (structure formed on the 26th) to April 8, the current situation shows an upward weekly trend and a downward daily trend. After the structure formed on the 9th, the daily trend is upward. If the weekly trend is also upward, both cycles have the same force, which makes it highly likely to rise. The hourly line has formed a structure again, so there may be a short-term stagnation in growth. In any case, with the daily structure formed, there is no reason not to increase positions. Next, we will continue to wait and see how the market moves, and there's no need to monitor it in real-time; just check near the closing time.
