The overall trend in the near future is in a weak and volatile form. Without much news, the short-term resistance and support levels in the reference range are mainly short-term. The only thing worth noting is that the BTC transferred by the US government last night did not really flow into the market. It is not yet certain whether it will be sold later and bring short-term impact. In the short term, as the high point of the rebound is getting lower and lower, the buying power of the market is not as crazy as before!
The current rising selling area has not been broken, and the high area is still adjusting. Due to the lack of sufficient upward momentum and the lack of significant growth in trading volume, it is necessary to digest the upper selling area through multiple backtests. It is currently in the psychological support and previous low point area, which is also an important short-term support line. In the short term, since the price is still fluctuating on the rising trend line, it is recommended to observe whether there is a downward breakthrough first, and use the K-line pattern and trading volume of the low time period chart to assist in judgment.
Judging from the current market structure, the entire rhythm has stopped falling after a continuous slow decline. Looking at the hourly structure, after each callback, the bulls will enter a period of strength. I have always emphasized that the pull-up after the callback is carried out after confirming the bottom support, so it is obviously irrational to chase the short at present. Then there will be more shocks within the range. I personally think that the current battle between the long and short is still paving the way for the next bull rebound, but it is currently weak. In this kind of shock market, whether it is long or short, there are opportunities to make profits. The key is to choose the right entry position. Once you find the right time to enter the market, you will be more confident and confident in your operations. #RWA板块普涨 $BTC