[Analysis of the market on April 5, 2024]

[Viewpoint]: BTC's market share is close to the highest since this round of bull market, and it continued to rise at the hourly level yesterday, with good sustainability and continuity. Although it has fallen back slightly after rising, it still stabilizes at a high level. For the opponent, as long as it does not fall below 66,000, it is a strong performance, so shorting in the short term is not advisable!

[Operation method]:

BTC: Current price 67,800-66,800, long stop loss 65,980

Or choose to wait directly

[Daily level]: Appear in the reversal pattern, don't blindly short!

[Hourly level]: The rise that started yesterday afternoon, whether it is continuity, sustainability or momentum, is not weak, and it broke through the W bottom pattern since the decline on April 2, and can stabilize at a high level, indicating that the bullish momentum is not weak,

[Summary]: Although the strong decline in the past two days has shown bearish signals, the market did not show a continuous decline under the bearish signal, but instead went out of the reversal trend, so go with the trend! If you don't dare to open more at this position, then choose to wait!

(Note: The purpose of posting is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by friends)