Last night a needle dropped 3500 points, even Ultraman would be lit up

Yesterday's negative news washed out the bulls, the market was really too emotional, a single piece of news directly caused a drop. The market's recovery still needs to go through a period of time before it can gradually become clear. Panda still has some doubts about the current market situation. Last night, a single needle inserted a large bearish line of 3500 points, the intentions of the main players are evident. Currently, it has been slowly rising and recovering throughout the day. The daily line has been engulfed, and a correction in a bull market is normal, but this kind of correction must be cautious as it may lead to another counterattack.

In terms of operations, Panda personally believes that the key to chasing long positions in the short term is whether it can stand above the psychological level of 12. It has already broken the support yesterday, and if it doesn't stand above 12 in the short term and continues to correct, it may touch the bottom around 1165. Currently, in this extreme market situation, one must operate cautiously. Professional traders like Panda are currently in a wait-and-see stage regarding the market, and it is advised that retail players be cautious. If there are any questions, feel free to ask Panda for clarification, and I will speak openly $BTC #加密市场回调