Bitcoin surges to 31,400! How to deploy next? #BTC
The#binancemarket shows that it broke through $30,800 in the short term, reaching a maximum of 31,440 USDT. It has now fallen slightly to $31,100, with an intraday increase of approximately 3.9%.
Whenever the price breaks through the previous swing point, it will attract the power of bulls to continue buying, so the trend should continue. If there is weakness, it means that the trend may be about to end, because the long take-profit below plus the intervention of shorts. Therefore, the end of a trend occurs when the trend-following party lacks the strength to follow up, is accompanied by a false breakthrough, and finally gives up at an important defensive position.
If BTC holds firm at $31,000, we could look to reach around $35,000 in the coming weeks!
What do you think the future trend will be like? Leave a message to let everyone know
The#binancemarket shows that it broke through $30,800 in the short term, reaching a maximum of 31,440 USDT. It has now fallen slightly to $31,100, with an intraday increase of approximately 3.9%.
Whenever the price breaks through the previous swing point, it will attract the power of bulls to continue buying, so the trend should continue. If there is weakness, it means that the trend may be about to end, because the long take-profit below plus the intervention of shorts. Therefore, the end of a trend occurs when the trend-following party lacks the strength to follow up, is accompanied by a false breakthrough, and finally gives up at an important defensive position.
If BTC holds firm at $31,000, we could look to reach around $35,000 in the coming weeks!
What do you think the future trend will be like? Leave a message to let everyone know