Market analysis: đđ»
The Bitcoin market has been strong in the past few days. Bitcoin has risen from 60,000 to 64,500, with an increase of more than 4,000 points.
At present, due to the bloodsucking of the A-share market, the liquidity is insufficient and the rise is not strong enough, and it has fallen back. At present, the big cake is fluctuating around 62,500.
The daily line shows that the big cake is in a narrow horizontal consolidation stage. Although there is a rebound, the rebound is not strong. It is currently in a contraction and shock, and it is expected that the short-term will continue to maintain a shock trend. The four-hour chart shows that although there is an upward breakthrough trend, it is not strong enough and is suppressed, so it is pulled near the middle and lower track lines. Next, pay attention to whether Bitcoin breaks below 62,000. If it does, it will continue to test the 6w support. Otherwise, the market will still fluctuate upward. â
Recently, if you follow the market fluctuations and go back and forth, you will feel very tired. Maybe geopolitics is not optimistic enough. The general direction is still positive. Spots are deployed at lows and held patiently to seize the opportunity of this cyclical bull.
At present, the short-term pressure of Bitcoin Bitcoin is at 64,500 and the support is at 62,000; the short-term pressure of Ethereum is at 2520 and the support is at 2300đ
However, the opportunity for a callback is to continue to go long. At this time, if you donât go long, will you wait until more than 7w?
