The overall market for BTC today fluctuated mainly. It dropped 72,000 several times and was quickly recovered, indicating that the demand below is still very strong. Once the price goes down, there will be continuous buying. The market's FOMO sentiment is still very strong, and there is no heavy volume decline. I couldn’t be bearish before.
The market is unpredictable, so take good risk control and follow the market
If the short-term market does not go down, there is a high probability that it will continue to test liquidity. If it breaks through 73,000, it may continue to go up and touch 73,600. It will not fall until supply appears. It is currently at the extreme of the money-making effect. If the bulls do not lose money, the price It cannot go down. At the current stage, once it falls, someone will buy it immediately. These chips will not hit the market during the rise. They will only be sold when there is a money-losing effect. At present, the main focus is on where the main bulls are. Position take profit
From a technical point of view, although the price continues to reach new highs, the MACD momentum is always insufficient and may collapse at any time. The volatility and trading volume also fluctuate and fall. The greed index has almost reached a record high, and the basic currency funding rates have all dropped. It’s ridiculously high, so take good risk control measures to deal with the ups and downs of the market. However, there is no short-selling structure at the moment, so it’s not advisable to be overly bearish.
On the point, continue to focus on the 70,000 position below, and focus on whether the exchange of resistance support can effectively form. For further support, focus on 67,000. Only if it falls below 67,000 will we think there is a possibility of a market reversal. Above, focus on the short-term resistance of 73,000.
In terms of operation, we still maintain the two ideas of low and long and breakthrough. If we push back near 70000 and can maintain the shock above 70000, we can still try low and long. If the top breaks through 73000, we can also go long with the trend. The market fluctuates greatly, so be careful to take risks. Control and position control$BTC
The market is unpredictable, so take good risk control and follow the market
If the short-term market does not go down, there is a high probability that it will continue to test liquidity. If it breaks through 73,000, it may continue to go up and touch 73,600. It will not fall until supply appears. It is currently at the extreme of the money-making effect. If the bulls do not lose money, the price It cannot go down. At the current stage, once it falls, someone will buy it immediately. These chips will not hit the market during the rise. They will only be sold when there is a money-losing effect. At present, the main focus is on where the main bulls are. Position take profit
From a technical point of view, although the price continues to reach new highs, the MACD momentum is always insufficient and may collapse at any time. The volatility and trading volume also fluctuate and fall. The greed index has almost reached a record high, and the basic currency funding rates have all dropped. It’s ridiculously high, so take good risk control measures to deal with the ups and downs of the market. However, there is no short-selling structure at the moment, so it’s not advisable to be overly bearish.
On the point, continue to focus on the 70,000 position below, and focus on whether the exchange of resistance support can effectively form. For further support, focus on 67,000. Only if it falls below 67,000 will we think there is a possibility of a market reversal. Above, focus on the short-term resistance of 73,000.
In terms of operation, we still maintain the two ideas of low and long and breakthrough. If we push back near 70000 and can maintain the shock above 70000, we can still try low and long. If the top breaks through 73000, we can also go long with the trend. The market fluctuates greatly, so be careful to take risks. Control and position control$BTC