Interpretation of the market: Retracement of the neckline is

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Interpretation of the market: Retracement of the neckline is solid, callback to increase positions! #BTC超话 According to yesterday's article, the market fell back after rising higher, hitting the neckline in the early morning and showing signs of rebounding. Since the daily moving averages are still out of order, coupled with the existence of a dense chip area near the previous high, if BTC takes the lead in rising in the short term, it is expected to still experience a stable trend after the retracement. However, the W-bottom structure below indicates that the midline is still a bull market. As long as the price continues to drop, there will inevitably be an influx of buying orders in the spot market. Many altcoins have maintained good trends at the 4-hour and 30-minute levels and will follow BTC's shocks in the short term. This state will not change in the short term. In terms of operation, it is recommended to use the small-level correction of BTC to add spot positions, increase the position appropriately, and prepare for the next round of daily market trends!

Interpretation of the market: Retracement of the neckline is solid, callback to increase positions! #BTC超话  
According to yesterday's article, the market fell back after rising higher, hitting the neckline in the early morning and showing signs of rebounding. Since the daily moving averages are still out of order, coupled with the existence of a dense chip area near the previous high, if BTC takes the lead in rising in the short term, it is expected to still experience a stable trend after the retracement.
However, the W-bottom structure below indicates that the midline is still a bull market. As long as the price continues to drop, there will inevitably be an influx of buying orders in the spot market. Many altcoins have maintained good trends at the 4-hour and 30-minute levels and will follow BTC's shocks in the short term. This state will not change in the short term.
In terms of operation, it is recommended to use the small-level correction of BTC to add spot positions, increase the position appropriately, and prepare for the next round of daily market trends!