#BTC There is a clear similarity between the current trend and the market structure before the breakout of the 2023 bear-market bottom: after a second sweep lower, the price enters a highly compressed sideways consolidation, and then a breakout follows. Back then, the market was also widely worried about making new lows. However, it subsequently went through about 6 weeks of consolidation, and ultimately, after a bearish-news shock, quickly reversed and started a new round of uptrend.
Therefore, if later on a significant pullback occurs due to unexpected news, it is actually worth paying attention to. Mark the key positions on the higher timeframe in advance and stay calm. After a large-scale impulse, price often first goes through repeated cleansing of long and short positions, then chooses a direction and continues the uptrend. #原油涨至7月来最高
Therefore, if later on a significant pullback occurs due to unexpected news, it is actually worth paying attention to. Mark the key positions on the higher timeframe in advance and stay calm. After a large-scale impulse, price often first goes through repeated cleansing of long and short positions, then chooses a direction and continues the uptrend. #原油涨至7月来最高
