Don't open orders blindly, when it reaches the point, just act

A heavy piece of news late at night splashed into the water like a huge stone, stirring up thousands of waves in the cryptocurrency market of the pickled vegetable country — the president of the pickled vegetable country issued an emergency martial law. As soon as this news broke, the cryptocurrency market instantly fell into a panic situation of collective diving. Last night, due to the sudden news, it experienced a roller coaster market, and at this moment, the overall market is rebounding. Bitcoin dropped to a low of $93,600, now reported around $96,100.

Bitcoin rebounded after dipping yesterday, completing a large V reversal. Currently, it is stabilizing upwards, and in the short term, it is expected to continue a bullish trend. This is the current market situation; washing the market is the norm, but as long as the direction is clear, it is also very straightforward. Continuing the downward trend from last night, after hitting the low of $93,600, bulls formed a shock recovery, taking it step by step, recovering to above $96,000 by early morning. After last night’s pin drop, the bulls quickly provided recovery space, and now, after warming up, it is again in a fluctuating pattern.

All recent rebounds have been accompanied by adjustments or pin drops. Correction is a process of accumulating energy, and after effectively building a new support platform, a new rise can be initiated. Currently, all consolidation actions are moving horizontally within a predetermined range, using the method of exchanging time for space to accumulate energy for upward demand.

Bitcoin is fluctuating with pin drops around the range of $93,500 - $97,500, and the next suggestion is to maintain short-term pullbacks for bullish layouts! For medium to long-term layouts, enter short positions in batches at $96,800 - $97,100, targeting $96,500 - $95,500 - $94,500 for gradual reduction and profit-taking.