Daily market analysis - $BTC
The current price of Bitcoin ($BTC) continues to hover in the support area, and the rebound effect is relatively weak.
The following is a detailed interpretation:
1. Hovering in the support area: Bitcoin prices are currently consolidating in the support area, but there is no clear sign of a breakthrough or breakout. Market sentiment is relatively cautious.
2. The rebound effect is weak: In the long time period, the rebound effect of Bitcoin is relatively weak, and the market has not yet formed a strong upward trend.
So wait and see: For investors with short positions, it is recommended to wait and see the trend of the daily K-line of the market in the next few days, and do not rush to enter the market.
Wait for the price to clearly break through or step back in the key support or resistance area before making further operations.
Avoid extreme operations: There is no need to insist on bottom-fishing or clearing positions at high points, because such operations are difficult to achieve in the actual market.
