April 21: Kunpeng Community Real-time Verification! Can Bitcoin break through 88,000 points? These three types of operations will determine your profits in the second half of the bull market!
Last week's market analysis mentioned that Bitcoin's 4-hour rebound was still in a waiting confirmation state. If it maintains a 30-minute consolidation around 84,000 points, there is still a chance to surge. Bitcoin ultimately chose to break upwards this morning and is currently around 88,000 (a strong resistance level that has been emphasized multiple times). Currently, from a smaller timeframe perspective, this movement has decent strength, but it has not yet confirmed completion.
Currently, we are watching the strength of this upward movement. If it cannot break through with strength at 88, there is still a possibility of pulling back and consolidating around 84; if the market remains strong, it is expected to challenge the next resistance level around 91,000 points.
Therefore, for practical operations, it has been mentioned many times that spot trading should be based on personal position proportions. If the position is full, limited positions must wait for a 4-hour pullback to intervene; if the position is light, then every pullback is an opportunity for you to gradually position in spot trading. Teacher Kunpeng specifically emphasized certain coins during the live broadcast, such as ETC, which can be entered during the 4-hour pullback (already completed).
Recently, altcoins seem to have become active, but this is still not the moment for a trend upward, so please remain clear-headed. For those who have not bought at the bottom, this position is not a place to chase. Patience is required for the upcoming 4-hour pullback. For those who have bought, appropriate reductions can be made during the rally. The big picture view remains unchanged; the second half of the bull market will begin in the second half of the year! Students of the Kunpeng Community hold firmly, waiting for the blooming of flowers!