【Xiaoyao Community 3.24】The adjustment space is in place, but the adjustment time is still not enough.

CN
2 days ago

After reaching a new high in early November last year, BTB maintained trading above 90,000 for more than three months. Since the breakdown and decline that started on February 24, the space down to the current adjustment low of 76,600 is about 16,000 dollars, which is roughly the distance from the high around 92,000 to 110,000. The adjustment space is basically in place; even if the market breaks below 76,600 in the short term to create a new low, the space is limited. It is also easy for BTB to create a new low of 76,600 and be pulled back above 80,000 by technical buying on dips. From the breakdown and decline that started on February 24 to today, just over a month has passed. Although the adjustment space is in place, the adjustment time is still insufficient. The technical aspect of BTB should still have a period of fluctuation below 90,000. Currently, we are waiting to gradually buy on dips below 80,000.

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