At about 10 o'clock this morning, Bitcoin retreated from the lower Bollinger Bands for 1 hour and immediately launched a strong rebound, with the price approaching 97,000. This round of rebound cleared large short orders within the 1,000-point range in one fell swoop.

From the end of this month to the beginning of next month, as long as the price of Bitcoin does not effectively fall below 95,000, after the release of the Federal Reserve’s Beige Book on December 4, it is very likely to start a strong upward trend, and then there will be another unilateral rise. trend.

From the daily level, although the Bollinger Bands are opening downward, their trend is not significant. The 12-hour level turned upward on Wednesday afternoon. This change effectively curbed the further escalation of the daily level adjustment. Therefore, it was judged that the adjustment had basically ended at that time.

The "end of adjustment" mentioned here does not mean that there will be no more declines after the correction on Monday and Tuesday.

In the market situation, it is impossible to exist without a downward trend at all. An increase will inevitably be accompanied by a certain degree of decline, but the magnitude of the correction is much smaller than the magnitude of the increase.

Therefore, in a bull market environment, going long on dips is the main trading strategy choice, whether it is short-term operation or medium- and long-term layout.

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