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Bitcoin has experienced a maximum retracement decline of over 53% since 126000, with a retracement of more than 30% during a bull market, indicating the end of the bull market. The current market cannot be considered a major bear market as Bitcoin is no longer the same as before. The price will not fall significantly, as it has already been listed on ETF spot. In the cryptocurrency market, other currencies may fall to zero, but Bitcoin cannot. There are several major positions in the future bear market bottom of Bitcoin's major cycle, with the first support around 54000-55000 and the second support around 38000-41000. The strongest support level in a bear market is between 24000 and 26000. This level will not fall below in this round of bear market, and every large-scale bottom buying can be based on these positions for self stabilization or spot entry!
Last week, we successfully copied the bottom and placed multiple orders at low levels, including long-term ones, as a reminder to enter the market. Now that the rebound price has reached the first strong pressure around 67000, how do we operate in the next day?
Yesterday and the day before yesterday, the market for short selling was around 67000 yuan. I was looking for a wide range of fluctuations, but when it reached a strong pressure level, it should be short. There is important data in the early morning of this evening. The new chairman of the Federal Reserve, Walsh, took the stage for the first time and is expected to have significant fluctuations!
Let's take a look at the intraday market analysis again
The BTC 4-hour level has already reached a strong pressure position above, and the 4-hour upward channel has also been opened. The 67000 level is a virtual break and short insertion stop loss, and this channel is effectively running. If we continue to follow this channel, we will retrace to the lower support position near 63500, and the trend support below the upward channel. It is recommended to continue the high-altitude thinking within the day!
At present, we are entering the market with empty orders and holding floating profit. The live broadcast at night has the opportunity to take everyone to continue to make real-time strategy lists. The market awesome can continue to lay out medium - and long-term orders tonight!
Live stream at 7:00 pm on time, let's take a look at opportunities for counterfeit coins together
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
