Bit is collecting the weekly candles!
Looking at the daily and weekly charts for now, it still seems like the continuation of this move—big pullbacks are unlikely. Recently, it’s best to be looking for shorts rather than actually shorting. In a bull market, be cautious about shorting!
A more official pullback likely has to wait until the monthly and quarterly lines finish closing. Someone might ask: won’t it just pull back and go up instead of correcting? A pullback will definitely come. Either it first pushes up to 88,000–94,000 and then pulls back, or it trades sideways until next month and then pulls back. Of course, even if there is a pullback, don’t expect it to be too deep—every pullback in a bull market should be cherished, because pullbacks are opportunities for people who missed the move to get on board.
And of course, consider the coin you’re holding. What I’m analyzing now is Bitcoin—many altcoins no longer follow the overall market pattern. When Bitcoin pulls back, alts will also pull back. But after a spike and then a pullback, they may not necessarily come all the way back to the low price levels! $BTC
$SEI
Looking at the daily and weekly charts for now, it still seems like the continuation of this move—big pullbacks are unlikely. Recently, it’s best to be looking for shorts rather than actually shorting. In a bull market, be cautious about shorting!
A more official pullback likely has to wait until the monthly and quarterly lines finish closing. Someone might ask: won’t it just pull back and go up instead of correcting? A pullback will definitely come. Either it first pushes up to 88,000–94,000 and then pulls back, or it trades sideways until next month and then pulls back. Of course, even if there is a pullback, don’t expect it to be too deep—every pullback in a bull market should be cherished, because pullbacks are opportunities for people who missed the move to get on board.
And of course, consider the coin you’re holding. What I’m analyzing now is Bitcoin—many altcoins no longer follow the overall market pattern. When Bitcoin pulls back, alts will also pull back. But after a spike and then a pullback, they may not necessarily come all the way back to the low price levels! $BTC
$SEI
