The cryptocurrency market rebounded, and Bitcoin will enter an adjustment period later. How to operate now?

The market rebounded on July 7, and the price of Bitcoin returned to 58,000, which is basically consistent with my judgment. According to the oversold rebound market, the short-term chips of low-level bottom-picking can be stopped at profit or partially stopped at profit at this position. Of course, since the Bitcoin rebounded to regain the support of 56,000, this position may also form a staged bottom, so my suggestion is to consider doing swing trading after having a profit of more than 20 points. After all, the risk we take when bottom-picking is also great, and it is meaningless to make a few points of profit.

According to historical experience, when the market plummets with large volume, there will be a repair period most of the time. Therefore, even if there is a short-term rebound, I also suggest not to be too optimistic. Of course, if it is a small range of shocks, it will give us a window period for bottom-picking. In addition, it should be noted that the market may also bottom out again in the next 1-2 weeks to confirm. Overall, I am not too optimistic about the short-term market, but I will not easily throw away the chips I bought at this price. In the long run, this price is relatively low.

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