12.8 Day Summary
Preface: Big Pie Adjustment, a Good Time to Ambush the Copycat
Order situation: I made one order today, which was a long order around 43300 that was publicly available on the entire network early this morning. I finally exited the market at 43850 with a profit of 550 points. As for the reason for opening the order, it was also mentioned when it was publicly available, so I will not go into details here.
Market analysis: Bitcoin is currently making adjustments after breaking through the upper channel. In terms of trend, bulls still dominate the market, but this wave of rise is not perfect and did not meet expectations, so long orders are out first. (It may be that Ethereum's rebound is sucking the blood of Bitcoin) Therefore, before Ethereum and Shanzhai take off, Bitcoin is unlikely to start again. Of course, it still depends on the specific price behavior.
Evening focus: Whether 44500 can be effectively broken is the key to the Bitcoin take-off again. Breaking 42800 to around 42100 will fill the 4-hour gap.
The above analysis is for reference only and does not constitute investment advice.
