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BTC Market Analysis
The current drop in Bitcoin's daily line is close to 6000 points, which is still within the expected range. In the short term, the daily line is definitely dominated by the bears, but the left front low of 60,000 integer level has not been tested for a breakthrough, indicating that the market still has a positive sentiment towards this halving market. Many are holding and waiting, so there is not a lot of short-term reference data available on the daily line at the moment. Returning to the 4-hour K-line of BTC, the price is currently running in a downtrend channel, and the upper resistance at 68,300 has not moved down, indicating that the pressure from selling at the high level has not been fully released, meaning there are still many trapped at the high level. Therefore, a situation where the price continues to drop to take the high-level chips could occur at any time. So, there may be some profit in the long side on the 4-hour chart at the moment, but the risk will continue to increase. On the 1-hour K-line, the price is running in an upward channel, with support near 65,700, and as the timeline extends, the support below will continue to move up. Understanding this logic, you can try to layout long positions around this level. Considering the above, it is suggested to wait and observe the position of Bitcoin in the future, and to go long after a stable retracement. In addition, the trend layout for the practical team members has already begun, so those who have not caught up should act quickly.
The advice is for reference only, and profits should be taken at your own discretion.
Strength is not just talk on paper, nor is it boasting profits with words. Strength is meticulous thinking combined with strict execution. Go out with a goal, come back with results. There are no losing trades, only trades that are not held. When others are making profits and you are at a loss, you may as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following. As long as you are willing, I will not disappoint!
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