Happy birthday to our motherland, and also wish everyone a happy National Day.
Big Bing collected the monthly line this morning. #BTC monthly line high was 87385, and the low was 74909. This level is where it was pierced after the U.S. Federal Reserve raised rates last month. The close was around 83500, and overall the monthly line also moved up by more than 10,000 points. The pullback level is also fine. The bullish trend remains. My viewpoint stays unchanged: as long as the pullback does not break 82000, sooner or later it will still move toward the highs. It’s just a question of whether it goes to 87000 or 90000. However, looking at intraday, Big Bing was grinding for the whole morning and only moved 300–400 points—really too small. It couldn’t even break through 84000 on the intraday rebound, so the smaller timeframe is a bit weak. That’s why I exited the main position long and plan to rebuild the position again around 83000–82000.
Big Bing collected the monthly line this morning. #BTC monthly line high was 87385, and the low was 74909. This level is where it was pierced after the U.S. Federal Reserve raised rates last month. The close was around 83500, and overall the monthly line also moved up by more than 10,000 points. The pullback level is also fine. The bullish trend remains. My viewpoint stays unchanged: as long as the pullback does not break 82000, sooner or later it will still move toward the highs. It’s just a question of whether it goes to 87000 or 90000. However, looking at intraday, Big Bing was grinding for the whole morning and only moved 300–400 points—really too small. It couldn’t even break through 84000 on the intraday rebound, so the smaller timeframe is a bit weak. That’s why I exited the main position long and plan to rebuild the position again around 83000–82000.
