[Analysis of the market on April 8, 2024]

[Viewpoint]: The market will continue to rise, don't be afraid of heights, the 15-minute moving average begins to diverge and begins to arrange long positions. From the perspective of momentum, there is no sign of exhaustion in the bulls, and the bears have not exerted their strength, so the view is still bullish! If the attack on 70500 fails to break through again, that is, the upper edge of the oblique convergence triangle, you should consider taking part of the profits in batches! (See the diagram below for details)

[Operation method]:

BTC: Continue to hold the long position of 67000. If it is blocked and falls back at 70000-70500, take part of the profits in batches

[Daily level]: The V-reverse structure was formed for the large-scale decline on April 2, which is a strong performance of the bulls

[Hourly level]: The hourly level is also a V-reverse pattern and can be maintained above the 68500-69000 line, and there is no short-selling momentum, which is also a strong performance of the bulls. Unless the attack fails to break through 70500 again, the long position will be held!

[Summary]: The market can stabilize at a high level in a V-shaped rebound, which shows that it is strong. If there is no continuous force from the shorts, then the priority is to look at the long side! Do not consider shorting before the short momentum is seen!

(Note: The purpose of posting is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by old friends)