#BTC

BTC market analysis

Yesterday, a bloodbath directly smashed 7,000 US dollars! ! ! This wave of decline was expected, but also unexpected. As mentioned in the previous analysis, 103,000 is a key central position. If it cannot be broken, it will continue to adjust. What I didn’t expect was that the adjustment was too severe!

The current price is running near the 0.5 position of Fibonacci, which has a certain support and provides a good basis for the next fluctuation. Pay attention to the support at the 96,800 position. If it falls below, the next support will appear at 94,000. At the same time, if it rises, you need to continue to pay attention to the pressure at the 99,600 position and the very important central position of 103,000!

The bull market is still there, don’t worry too much. Yesterday, the US stock market fell and the market was smashed. Just wait for the subsequent repair and rise!