[Analysis of the market on April 17, 2024]

[Viewpoint]: The second bottom exploration has been completed, and a short-term bullish upward trend of a range oscillation is expected, but the probability of breaking through 7w is not high.

[Reason]: Since the large-scale decline on April 14, although the highest rebound has reached 66,800, it has not broken through the high point of 68,000, indicating that the rebound is not strong, and then the second bottom exploration has not broken the new low. Looking forward to a wave of upward opportunities for bulls! (The operation plan has been given on April 14)

[Operation method]:

BTC: Hold the long order at 61,800, stop loss 58,900

[Summary]: Although it will rebound in the short term, this rebound is definitely not a continuation of the bull trend, but just a wave of range oscillation, a rebound upward at the bottom of the oscillation range!

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