【2024-6-22 Bitcoin Market Trend Analysis】
I will tell you what the current situation of Bitcoin is. You can refer to my idea for reference. The current Bitcoin cycle has been determined to be short, but if the support level of the large cycle is broken, it must be a big short. If there is no bullish news in the near future, it will definitely continue to fall. You can continue to pay attention to these two target positions: 60881.4-58561.7. Although it is a big short, it will definitely be very tiring if you want to fall down. It will take a long time to fall. The performance of the small cycle is probably to fall a little and then rebound. Fall a little and then rebound is what we call a volatile downward trend. Of course, if we are veterans, we can also take advantage of the rebound of the market. If we make a short-term long order and make a profit, we need to leave or set a loss to protect the principal. It's probably like this.
Long and short positions:
If the market falls back and does not break: 63381.2, it will rebound. If it rebounds, there are two target positions: 64414.8-65583.4
Will it fall sharply?
Some fans asked about this question. For example, in the past two days, it was basically a sudden pin-point and then horizontal screen oscillation followed by a rebound, but the rebound would not break through the previous high and rebound and turn short. It is basically like this. It is unlikely to have a big sharp drop unless there is some negative news. Except for the United States, they want to harvest the currency circle or short. Only they can do it.
Warm reminder: To do small varieties, you need to pay attention to the trend of the market and the market of the market (try not to do altcoins if you don’t understand the market)
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