[Is the rise of Bitcoin today a trap for more buying? --2024.05.13]
Answer: Bitcoin suddenly hit the 4h moving average today, clearing all liquidity on the left. The five-minute extreme speed and channel pattern usually retrace to the starting point of the channel, so I think this round of rise is still highly suspected of trapping more buying. Unfortunately, the recent ups and downs in the market have made it difficult for ordinary people to participate. Even if you want to participate, you have to be very cautious with small positions. Good luck to everyone!
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