Only spot can hold the ups and downs of the market
Before and after the opening of the US stock market last night, the fluctuation of Bitcoin in a few minutes exceeded that of a day. If you are a high-leverage player, it must be uncomfortable. You were still profitable a few minutes ago, but immediately turned into a loss. You either stop loss or hold on and wait for the liquidation. This is a great test of your mentality. For the current low-liquidity BTC market, only spot can be fearless of ups and downs. If you have leverage, it is better not to exceed 3 times.
Yesterday, I said that for partners who bought the bottom at 56,200, you can take it. The current price is above 59,200, and the profit has exceeded 3,000 points. The spot has made a profit of more than 5%. If you are afraid of profit retracement, you can sell it first. The profit is still under the pattern. The weekend market is generally stagnant. The bold ones can continue to hold it.
Back to today's market analysis: From the K-line, the 1-hour and 4-hour levels are in an upward trend, and the 12-hour level is about to enter an upward trend (if it does not fall below 58,200 before 12 o'clock, it will enter an upward trend). The daily level market shows a downward trend (if the market closes positive tomorrow, it will enter an upward trend again), the intraday pressure level is 61,200, and the support level is 57,200.
