Been MIA for a bit, but honestly, there hasn't been much to play in this market lately. Since the breakdown at the beginning of the month, we've been stuck in a low-level consolidation phase. Plus, liquidity is pretty dry; it’s mainly just the existing players battling it out. On top of that, external news isn’t looking too hot. Most folks are feeling pretty bearish. But right now, the bottom is still a decent spot to set up for a long.
Even though there hasn’t been a major bounce, the bottom support has formed. There’s still plenty of room for a rebound; we just need to bide our time. Looking at the tech structure, last week Bitcoin did show a daily candlestick pattern rebound, but it didn’t carry through. It's under pressure again, but after a morning surge, we’re starting to see a break trend on the daily chart. Although the market sentiment is pretty grim, we're still keeping a bullish outlook.
Bitcoin trading suggestion: Long at 74000, looking for 78000 <a>...</a> #美伊首轮谈判取得积极进展
Even though there hasn’t been a major bounce, the bottom support has formed. There’s still plenty of room for a rebound; we just need to bide our time. Looking at the tech structure, last week Bitcoin did show a daily candlestick pattern rebound, but it didn’t carry through. It's under pressure again, but after a morning surge, we’re starting to see a break trend on the daily chart. Although the market sentiment is pretty grim, we're still keeping a bullish outlook.
Bitcoin trading suggestion: Long at 74000, looking for 78000 <a>...</a> #美伊首轮谈判取得积极进展
