Hello everyone, I am Eleven. I believe everyone is very concerned about the trend of BTC recently. Recently, the price of BTC has strongly broken through the $31,000 mark. Eleven believes that this has brought huge impact and opportunities to the market.
Let's review the market in the past two days. This morning, BTC reached 30,600. I saw someone say that we should wait for a pullback before getting on board. I guess there are still many friends who haven't gotten on board. So when is the best time to get on board next? Will there be another pullback? So please take a look at the latest views summarized by Eleven today! !
Eleven believes that Bitcoin may rise to 30,100 next, and then it will pull back to around 29,100 and 29,300, and then it may rebound. Then last night, Bitcoin fell to a low of 29,680. Eleven believes that it is getting higher and higher without a big pullback. This is the performance of the beginning of the bull market.
In a recent analysis, Eleven believes that Bitcoin is currently in the early stages of a bull market, and the price may rise to $30,100. However, there may be a small pullback during this process, and Eleven believes that support will appear around $29,100 and $29,300. If there is no pullback, Eleven recommends that you do not open long positions rashly!
So here are a few suggestions:
Short-term traders are reminded that they can consider setting stop-loss and take-profit orders near key resistance levels to protect their investments and lock in profits.
For those participants who want to enter the market when the price pulls back, Eleven suggests that they can pay attention to BTC's support level and consider buying when the price approaches the support level.
When analyzing its trend, Eleven came up with two key price levels, 30,000 and 29,200. Eleven recommends that participants conduct short orders at 30,000 points and set the stop loss at 350 points. Then when the price drops to 29,500, the take-profit target will reach the first profit point. On the contrary, if the price continues to fall to 29,200 points but still fails to break through, you can consider going long at this time, set the stop loss at 300 points, and the target profit is 29,800.
If you have any questions, you can ask me directly. As long as it is something I know, I will tell you everything!
