【Once the market fluctuates, traders can't hold back. Yesterday, 1.3 billion CNY was wiped out, and 66,365 people went bankrupt! 】
2024.5.14 Early BTC Market Analysis
The current market is still fast-paced, and the big cake is still willful, but compared with the previous period, the strength has weakened, and the fluctuation range is only around 3,000 dollars. Compared with the fluctuation of 5,000 dollars+ in the previous period, it can only be said that the strength is indeed weak. Many cottages have fallen back to the starting point of last year's rise. This is not good news for retail investors. Those who are deeply trapped can only continue to wait, or they will cut deeply, but what after cutting? Should we leave the market or continue to operate and continue to be trapped?
In fact, many times, we don’t make money not because the market has no opportunities to make money, but because we don’t stop profit when we make money. At the moment, we don’t have the market fundamentals for continuous upward rush, that is, short-term pull and run, but you fantasize that you must make 30 points, 50 points, or even 3 times or 5 times to buy a coin, but you can only stick to the belief for 1 minute, which is definitely a completely unmatched demand!
BTC attention
Support 61650/60800
Pressure is tentatively set at 63650/64500
Intraday 62200-62400 is a watershed for ultra-short-term trading. You can pay attention to it. There are two ideas: falling below and being suppressed, and stepping back to confirm (pin withdrawal). You can make money!
There is also momentum to rush up to the 63600-63800 range. Pay attention to whether it breaks through or not to judge the strength and continuity of the strength!
