BTC rebounded to the $30,000 level after Monday's decline. There are two explanations for this rise. For the bears, it was a climax that approached the boundary of the range. For the bulls, it was an upward trend and broke through the range.
The Call Put Ratio shows that there are more bullish people, and the Funding Rate of most exchanges is positive. These two important data consistently reflect that there are more bullish people in the market. Will there be more military warehouses exploded?
In addition, last time I mentioned waiting for the price to test upward, but the rapid rise was unexpected. We can compare it with the last climax rise. This rise is actually very similar, so it is a potential climax market, but the breakthrough is larger. , so it will definitely attract buying from bulls, who will think that the market is breaking through and then stepping back.
📍Trading strategy: Now it is reasonable to be long or short, choose the direction that suits your strategy
📈Positions that require special observation in the short term【30040｜29665｜28851】
💎Traders can choose the direction that suits their own strategies. There are reasons for both long and short positions. They must manage their positions well and implement their strategies. Finally, let the market choose.
📍For the editor, I think there is a greater chance of a buying climax, because there is no sign of obvious trend reversal before, so the sudden rise is a greater chance of a climax approaching the boundary, and I will look for shorting opportunities.