#

Is the BTC high retracement a trap for shorts or a sign before a flood?

Yesterday, the market once again surged from around 110,900 to 123,000, causing the large army of traders to be submerged in tsunami-like waves, leading many to shed tears in the wind and head to the rooftop. Meanwhile, Lin Biao has continuously viewed the market positively since 100,000, leading a team of highly effective partners who are also singing all the way to success.

Consistently adhering to the principles of steady progress, winning step by step, strict risk control, and taking action has kept us in a virtually invulnerable position in actual operations. The morning analysis on the 14th also suggested a stop near 1,083 at 1,197, without being overly ambitious like others. Of course, this surge has been too strong, leaving no room for a pullback, and we have also profited handsomely from going with the trend.

Currently, the pullback after the surge should not be underestimated. In such a volatile market, some are happy while others are worried. However, if the pullback does not touch the lower support level of 1,189, it is likely to test slightly before another surge. The MACD fast and slow lines being parallel and tense indicates a standoff between bulls and bears. The RSI is also in a balanced zone, while the KDJ three lines are diverging downward, indicating a recent downward price trend but with weak momentum. Therefore, the market might oscillate and correct within the range of 1,190-1,233.

BTC suggested entry at 1,088-1,094, aiming for 1,210/1,220 with a stop at 800.

ETH suggested entry at 2,960-2,985, aiming for 3,040/3,085 with a stop at 40$BTC #BTC再创新高 .