In the early morning of the 19th, there was what everyone called "horrible data". Let's talk about the market briefly. Let's talk about the market sentiment first. The market must have a consensus on the expectation of the bull market. Since the passage of ETFs, with the massive intervention of Wall Street institutions, many old investors who have experienced the baptism of bull and bear markets have felt like new investors in this round of market. This is also normal. After all, the market trend will not simply repeat, nor will it make us simply look for the right path.
In the early morning of the 19th, there will be news about the rate cut. The expectation of the rate cut has been hyped for a long time. After it is actually implemented, there may not be a positive performance in the short term. Before the announcement of the interest rate hike, the market did not immediately respond to the decline. The same reason, of course, everything is not absolute, and the probability of the market going against the market consistency exists. So even if the news is good, don't rush in all at once, to prevent the trend of washing spot in the later stage.
Let's talk about the big cake $BTC from a technical perspective. From the monthly line, the K-line has appeared downward pins many times. We should pay more attention to the closing of this month, which will affect the trend in the later period.
We stepped on the one-sided rise in October last year. The market in the next few months of this year is expected to have a good performance. Prepare bullets to grasp the market this year.
From the weekly line, although the K-line pattern has moved out of the structure of high and low points, it is not a very bad market. It has not fallen below the key 60-day moving average. The feedback of the attached indicator is not very bad for the bulls. The daily level K-line is still in a large box as a whole. There are many resistance areas above, so in the short term, pay more attention to whether the resistance can be broken through and stabilized.
First look at the 60500-61500 line, and then the 64000-65000 line. The short-term operation is to wait for the resistance to stabilize and retreat to intervene. The ultimate key is the 70000 line. If there is a breakthrough and stabilization of the 70000 line again in the future, the probability of a historical high will be very high.
