The view I mentioned in yesterday’s thinking about originally looking for opportunities to buy near 77K, but after moving sideways until late evening it has always stayed in a low-level range. This indicates that the support below is still strong. There was no chance to wait for a rebound short opportunity, so I decisively bought the dip in the evening around 75.4K. Currently, it has floated up by more than a thousand points. This trade will first be watched around 76.8K–77K to consider reducing position—should we take a bigger step out now, or keep the position for now.
As for the current big Bitcoin, it is in a weak repair phase after the rate-hike expectations have been priced in. After the decision was released, the market collectively showed signs of warming up, suggesting this news had already been digested in advance. If, after two more dips, it still needs a fresh round of news to break the range, then before a breakout we can consider consolidating around 75K–75.5K on shrinking volume and wait for stabilization, with expectations for 77K–78K and even above.
As for the current big Bitcoin, it is in a weak repair phase after the rate-hike expectations have been priced in. After the decision was released, the market collectively showed signs of warming up, suggesting this news had already been digested in advance. If, after two more dips, it still needs a fresh round of news to break the range, then before a breakout we can consider consolidating around 75K–75.5K on shrinking volume and wait for stabilization, with expectations for 77K–78K and even above.
