BTC consolidating and oscillating around 9.4K for several days is a normal phenomenon.
Before yesterday afternoon's market correction,
I mentioned on Weibo
that 9.4K was a level where BTC had rebounded multiple times previously
but failed to stabilize on the daily chart with upward spikes.
Therefore, this rebound to that level
was likely to experience a correction.
I advised against chasing short-term altcoins.
After I posted on Weibo yesterday afternoon,
the market indeed corrected that evening.
I clearly stated the support level would be around 9.1K.
The price dropped to near 9.1K and then quickly rebounded.
Currently, it's trading sideways around 9.2K.
This consolidation is likely to last a few days before continuing upward.$BTC
$ETH
$BNB
#币安钱包TGE #ETH巨鲸动向 #加密市场反弹
Before yesterday afternoon's market correction,
I mentioned on Weibo
that 9.4K was a level where BTC had rebounded multiple times previously
but failed to stabilize on the daily chart with upward spikes.
Therefore, this rebound to that level
was likely to experience a correction.
I advised against chasing short-term altcoins.
After I posted on Weibo yesterday afternoon,
the market indeed corrected that evening.
I clearly stated the support level would be around 9.1K.
The price dropped to near 9.1K and then quickly rebounded.
Currently, it's trading sideways around 9.2K.
This consolidation is likely to last a few days before continuing upward.$BTC
$ETH
$BNB
#币安钱包TGE #ETH巨鲸动向 #加密市场反弹