24-01-16 BTC Today’s View

The way to invest is to love your money before you invest. If you invest, you will think deeply about it. If you invest, you will lose your energy. If you stop investing, you will calm your heart!

It is difficult for Bitcoin to stabilize at the 43000 line, so it is more likely that the market will not drop further. From the four-hour trend, Bitcoin shot up to 49027.5 and made a correction. It then dropped to the 41370 line to stop falling and rebound. After the rebound, the market basically maintained a concussive correction, and failed to stabilize after breaking through the 43,000 line. We can see in the picture that after closing the four-hour line at 12:00 yesterday evening, a negative K came out and stepped back, and then recovered the decline and exited a bar. Yang K, after a long period of consolidation, there was a short-term upward test to 43376 and a first-line correction. The market is currently hovering around 42500 and consolidating. Judging from the trend, after the Bitcoin surge and retracement, the bulls have never made a further upward breakthrough, and have been trading at 43000 many times. If the selling pressure from above pulls back, it is not difficult to see that the bulls are weak in the short term, or even lack of strength. Then the market may continue to decline to confirm the support demand. It is recommended to keep the rebound bearish unchanged.

The current price is short around 42800, the target is 41800-40800, and the stop loss is 43500.

The market is changing rapidly, or you want to join the newspaper group to keep warm. I am Zhuge. Welcome to leave a comment!

In the era when the trend has no curtain, let the one side bloom forever. That special care is to retain the current time, let the one side continue, let the trend not change, calmly follow the trend, and be relaxed and leisurely.