【Bull run? Need to consolidate】
If I’m out playing tonight, I won’t keep watching the charts or the live stream~
And honestly, there isn’t much that really needs attention. Looking at this overall market consolidation zone, the upper edge at 8.25 isn’t something that just happened on the first day~ You can review the analysis from the past month or so throughout the whole period.
After BTC has surged like this, chasing longs right now isn’t appropriate. Shorting has to wait until it drops back below 8.2 (reference: last week’s dip below 7.6 and then the reclaim).
In my personal view, we should wait for this consolidation zone to form—and it should have a certain duration, like 1–2 weeks. Market movement also basically won’t just suddenly crash down after only a few 5-minute K candles~ My subjective view is still the same as what I said earlier. Don’t look for a “bull run back/return.”
So over the next one or two weeks, you can go look at the altcoins you’re more familiar with. Find some structures that break out with volume, and doing swing trades should still be OK.
$BTC #Bitcoin breaks through $85,000
If I’m out playing tonight, I won’t keep watching the charts or the live stream~
And honestly, there isn’t much that really needs attention. Looking at this overall market consolidation zone, the upper edge at 8.25 isn’t something that just happened on the first day~ You can review the analysis from the past month or so throughout the whole period.
After BTC has surged like this, chasing longs right now isn’t appropriate. Shorting has to wait until it drops back below 8.2 (reference: last week’s dip below 7.6 and then the reclaim).
In my personal view, we should wait for this consolidation zone to form—and it should have a certain duration, like 1–2 weeks. Market movement also basically won’t just suddenly crash down after only a few 5-minute K candles~ My subjective view is still the same as what I said earlier. Don’t look for a “bull run back/return.”
So over the next one or two weeks, you can go look at the altcoins you’re more familiar with. Find some structures that break out with volume, and doing swing trades should still be OK.
$BTC #Bitcoin breaks through $85,000
