Low volume with a hard pull, clearly indicating that the bearish momentum is too heavy, and the market is shaking out the weak hands! The rebound is not a reversal, do not blindly chase longs. This afternoon, I already provided the range in advance; you all understand the breakout, and those who followed have already taken profits. The key to the US stock market trend depends on the 71,000 level. Daily resistance at 71,782; do not chase longs unless broken.
Operation reference:
Bitcoin stands firm above 72,142, can consider light long positions.
If it breaks below 71,000, follow the trend and look for short opportunities, with support levels at 70,081-69,267.
Do not chase highs, do not hold large positions, only trade confirmed trends.
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3.4 Wednesday Night Bitcoin Market Analysis#比特币反弹
Low volume with a hard pull, clearly indicating that the bearish momentum is too heavy, and the market is shaking out the weak hands! The rebound is not a reversal, do not blindly chase longs.
This afternoon, I already provided the range in advance; you all understand the breakout, and those who followed have already taken profits.
The key to the US stock market trend depends on the 71,000 level.
Daily resistance at 71,782; do not chase longs unless broken.
Operation reference:
Bitcoin stands firm above 72,142, can consider light long positions.
If it breaks below 71,000, follow the trend and look for short opportunities, with support levels at 70,081-69,267.
Do not chase highs, do not hold large positions, only trade confirmed trends.