$BTC

Good morning, share your personal views on the current market situation

Weekly line:

Last week, a high-volume positive line was closed. The volume is stronger than the previous K-line, but the price increase space is weaker than the previous K-line, indicating that resistance has been encountered here. It is currently an upward trend market, and there is no obvious bearish pattern. Therefore, There is a high probability that the upward trend will continue in the future.

Daily line:

On March 5, the market broke through the high point of the previous bull market of 69,000 and then ushered in a correction of up to 10,000 points, clearing the leverage and forming a heavy-volume dark cloud cover pattern, which was a bearish signal. However, the subsequent market did not continue to fall, so the market was bullish. The probability is in the range of shock and consolidation. From the perspective of the volume of the market, the volume of bulls will gradually weaken. The K lines on March 8 and March 10 have long upper shadows, indicating that there is a certain amount of selling pressure above, but there is no obvious There is a bearish signal, but the bullish volume can predict that there will be a callback demand in the future. It is currently a range-bound market of 70,000-59,000. The current market signal is not clear enough and more K-lines are needed for verification.

Summarize:

The weekly level is in the upward trend of the early bull market and is about to transition to the middle of the bull market. There is no obvious bearish signal at the moment. Whether a reversal is formed requires more K-line verification.

The daily level is in the consolidation trend after rising. Next, we will observe whether the daily level forms more signals to further confirm whether it is a reversal or a continuation.

In the context of the bull market, every correction is an opportunity to get on the bus, and we must seize every opportunity to get on the bus. The copycat market has not really started yet, and there may be a washout. However, compared with short-term quilt cover, shortfall is the biggest risk this year.