4.22 When will Bitcoin surge after the reduction in production? Has the small cycle strengthened? Is there still a chance to go long at a low level?

Bitcoin market analysis:

After this wave of strong rebound, BTC fell back to 63k, and then consolidated around 65k during the weekend. This morning, it reached a new high of around 66,500. If the market continues to rise, is there still a chance to go long at a low level? What should we pay attention to?

Let's first look at the entry suggestions given to everyone when the last round of market broke through, right? The general clearly pointed out that 63k is an opportunity to enter the market after falling back, so the price has now reached 66.5k, which is about 3,500 points of profit space. It depends on whether everyone can grasp it. Congratulations to the partners who entered the market and made a huge profit again.

According to the previous breakthrough of the flag structure channel, the price can generally reach 0.618, so if it is blocked near 66.5k, there may be another downward adjustment. Then filling the gap of the previous ocean rise is an entry opportunity. We pull a Fibonacci retracement through the current high point, and the entry time is near 62.2k.

Then we need to pay attention to whether there is a strong breakthrough near 66.5k. If it is blocked and a short signal appears, it is a good short opportunity. However, the current trend is bullish, so whether to operate or not is up to you, but the bullish direction does not change.

This is today's strategy. The content is for reference only. Pay attention to investment risks!

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