#空投防骗手册 5.5 Morning Market Overview: BTC Breaks Downward Structure

Bitcoin opened this morning with a large bullish candle with an upper shadow, and the weekly candle formed a doji, ultimately finding support at 92.7. Sunday support is also at 92.7, with a strong consensus for buying long, waiting for a pullback to rebound.

Bitcoin has almost formed a head and shoulders pattern, and the previous upward structure has been broken. Bitcoin did not continue to rise and hit the resistance at 97.8, starting this significant correction; although this correction is marked by large bearish candles, there has been no significant volume, which indicates that the market is creating panic as retail investors offload. Meanwhile, MicroStrategy continues to increase its BTC holdings, raising the question of whether this is a setup for MicroStrategy to buy BTC at a low price.

Enter long positions near 92.7 on the left side, with a stop at 92 and targets at 94 and 95; on the right side, wait for a pullback to 92.7, entering long positions if it doesn't break down or if it breaks down and retraces back up to go long, as buying low is more appropriate. Looking back at Bitcoin's rise to 97.8, a pullback of 3-4000 points is quite normal; the market needs to change hands and wash out to develop more healthily and steadily.

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