$BTC Yesterday evening it was first a drop then a smash; once the bad news is priced in and settles, taking a short entry around 79,500 to board is the most stable approach.
Yesterday it fell to around 76,835.1 and showed a bottoming signal. Before that there were consecutive bearish candles, indicating strong short-side momentum. After dipping to 76,835.1, it quickly rebounded with a bullish candle and reclaimed the level—showing the selloff failed to break below. This suggests there was capital taking support at this spot, and a short-term rebound formed. Going forward, it will most likely oscillate repeatedly in the area above this level, and you can choose to take profit in a timely manner.
For the subsequent market, it’s best to observe. If it pulls back without breaking below the 76,830 area, and then shows a breakout/buildup signal with increasing volume, indicating capital has entered, you can confirm it as a bottom-start signal and choose to go long from the bottom. Take-profit targets: around 79,500; for more aggressive traders, you can take profit around the previous high of 81,400.
If it breaks below 76,800 again and fails to hold above it on a closing basis, then cut loss promptly. Wait for a retracement around 75,850 to go long. #比特币24小时跌3.4%至7.74万美元
Yesterday it fell to around 76,835.1 and showed a bottoming signal. Before that there were consecutive bearish candles, indicating strong short-side momentum. After dipping to 76,835.1, it quickly rebounded with a bullish candle and reclaimed the level—showing the selloff failed to break below. This suggests there was capital taking support at this spot, and a short-term rebound formed. Going forward, it will most likely oscillate repeatedly in the area above this level, and you can choose to take profit in a timely manner.
For the subsequent market, it’s best to observe. If it pulls back without breaking below the 76,830 area, and then shows a breakout/buildup signal with increasing volume, indicating capital has entered, you can confirm it as a bottom-start signal and choose to go long from the bottom. Take-profit targets: around 79,500; for more aggressive traders, you can take profit around the previous high of 81,400.
If it breaks below 76,800 again and fails to hold above it on a closing basis, then cut loss promptly. Wait for a retracement around 75,850 to go long. #比特币24小时跌3.4%至7.74万美元
