Title
Following the previous article, as shown in the BTC daily chart, why is there optimism for a rebound at 83000?
Because the market only rewards those who are proactive and perceptive, not followers or fence-sitters!
As seen in the chart above, we can observe that the price has dropped unilaterally from 92800 over the past four trading days, with a decline exceeding ten thousand points as of today. In the early morning, it even briefly broke below the 80000 mark. It then quickly rebounded and, after some fluctuations, stabilized again at 83000. In the daily chart above, we can see that below 83000, there are only lower shadows. It is well known that the K-line body represents the price range of transactions, while the upper and lower shadows do not have a basis for transactions! Therefore, despite the long lower shadow, it does not affect the expectation of a short-term rebound at 83000!
The market only rewards those who are proactive and perceptive, not followers or fence-sitters!
From 92800 to 80000, a drop of 12800 points, you did not short at 92000, 91000, 89000, 87000, or even 85000. After four consecutive trading days of a ten-thousand-point drop, you excitedly say that it will break new lows and that it's time to short. If such hindsight could navigate the market, there would be no losses and no clear distinction between winners and losers!
Market Outlook:
Maintaining the same thought process as the previous article, optimistic about a rebound when prices dip below 83000!
Why is there optimism for a rebound at the 83000 level? The previous articles have repeatedly mentioned the daily support level at 81700, where the price has received support and rebounded multiple times. As time has passed, the daily support at 81700 has now moved up to the 83000 level. Yesterday marked the first retest of this level, combined with the previous four trading days of a unilateral drop exceeding ten thousand points, hence the optimism for a rebound here. Yin and Yang balance, when full, overflows; there is no market that always rises or always falls, especially in such a slow-paced environment.
With significant volatility and rapid market changes, for more real-time price alerts and strategies, please pay attention to real-time updates during trading!
Be aware of the trends, remain calm in your hands, and approach it with composure!
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The above analysis and predictions are merely the personal probabilistic forecasts and judgments of the navigator regarding the market. Speculation carries risks; please invest cautiously!
2025.3.10 Navigator in the Crypto Circle
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