🚀Is Bitcoin about to surge again? How to seize the opportunity next?
Recently, the Bitcoin market has once again triggered a hot topic🔥. The latest analysis shows that Bitcoin is bullish on a breakout of its daily trend. After two consecutive days of gains, the market is generally optimistic about its subsequent upward potential. Industry analysts predict that Bitcoin’s target price may hit around $58,500-59,000.
This wave of market conditions is in line with the trading rule of "over and over again, then decline, and then exhaustion." If Bitcoin can rise again today and the daily line closes with a long upper shadow line or cross star, then the price may shift into a high-level shock mode in the short term. This move leaves room for further gains📈.
History is always surprisingly similar. Before every large-scale bull market, there is always a sharp decline, which provides many investors with a good opportunity to enter the market. This wave of adjustment from 48,000 to 38,000 has basically completed this process. With the entry of institutions and large funds, the possibility of a large-scale plunge in the future is gradually decreasing, and the market is more likely to sweep contracts after a rapid decline.
Overall, the general trend for Bitcoin remains bullish. Even though there may be high fluctuations in the short term, the overall market is expected to continue to attack the previous high upwards. For those investors who missed the previous opportunity to rise, now is not the time to blindly chase higher prices. Instead, wait for a price correction before getting involved again.
For contract traders, stop losses should be strictly set when entering at high levels. Investors holding spot stocks can be relatively assured, and short-term traders can pay attention to the above two support levels during the day for operations. As the Bitcoin halving event approaches, market volatility may intensify, but under the positive expectations of the halving, the selling pressure will decrease, and any high-level washouts and contract sweeps should be regarded as opportunities to enter the market🌟. #BTC #ETH #sol $BTC