[Analysis of the market on April 6, 2024]
[View]: The short-term outlook is still bullish. Strong and decisive continuous pull-ups followed by a downward correction, and strong and decisive continuous pull-ups appeared at the support level. Although it did not break through the previous high of 69329, I personally think it is only a matter of time! (See the diagram below for details)
[Operation method]:
BTC: Continue to hold long orders, or go long at lows when the price falls back!
[Daily level]: The low point of the band gradually rises. Although there was a strong decline in the past few days, the downward trend did not continue when it reached the support level, but turned to a bullish reversal. [Hourly level]: The rise that started at 12:00 on April 4 was very strong in terms of continuity, persistence, and strength, while the correction that started at 2:00 on April 5 was not as straightforward, decisive, and tough as the previous rise. From the perspective of volume and momentum, there is reason to believe that the rise that started at 21:00 last night continued the rise that started at noon on April 4, so the idea is the same as yesterday, and the short-term bullish idea remains unchanged. [Summary]: Both the daily and hourly lines are relatively strong, and the market share of Bitcoin is also rising, so the bullish idea is mainly low-multiple. (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 old friends)