6.27 How does Bitcoin confirm support? A surge of 10,000 points easily won?

Bitcoin plummeted to a low of around 68,300, and then the price immediately rebounded back to above 60,000, so at present, it only fell below 60,000 for a moment, and the highest price rebound was around 62,400, which was met with resistance.

The current price is starting to pull back. As shown in the figure, the current price is a downward channel correction. I currently think that this correction is very critical, and the next market situation depends on the situation of this correction.

First of all, if the price continues to fall and pull back along the small channel, it will directly fall below the previous low, that is, it will fall below 58,000 again, then it is very likely that the price will directly enter a downward trend, and it will be difficult to reverse and rise again for a long time, which is what everyone says may enter a bear market.

Of course, there is another situation, that is, the price continues to fall along the current small channel, but before it falls below the previous low, that is, before it falls to 58,000, the price can directly break through the channel upward and start to rebound, which means that the price has not created a new low. I think the price is likely to stabilize here.

The stabilization of the price means that the bottom of the large box at the daily level can be stabilized. According to the general situation of the box, if the bottom stabilizes, it will continue to rebound and rebound to the top of the box. The profit is very considerable. As shown in the figure, if it rises from the bottom of the box to the top of the box, it is just a wave of internal rebound of the box. Because the amplitude of this box is very large, the increase is 10,000 points.

We need to pay close attention to this wave of market conditions at a key position. No matter what the situation is, there will be huge long-term fluctuations and long-term trends. If you catch it, you can make a lot of money!

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