$BTC
Only four days have passed since the last pin drop, which means there are continuous pin actions in the short term, and this is indeed excessive; the situation is a bit unsightly, to be honest.
For this market to stand firm, it must have the correct trading logic and a complete trading system; otherwise, it is really difficult to survive, and those experiencing it deeply understand this.
Without further ado, here are today’s views:
Yesterday, after the U.S. market surged past the 100,000 mark, it quickly went into a wave of decline. In the early morning, it continued and directly dropped to the 940 position, breaking through several support levels in succession. Then it explored the bottom and rebounded, with the morning high rebound point at 981, and the current price is at 966.
A few days ago, Feng Lang emphasized that currently shorting has a better cost-performance ratio than longing, and now it indeed appears so. Next, we still focus on a rebound before looking for a downward wave.
Reference entry point is around 972-974, using the morning high of 981 as a defense, and subsequently looking at the levels below 960-950-945, where 950-940 is a dense area. Whether it can stabilize here is extremely critical for the future market.
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