【BTC plummeted by $3,000 overnight, another 75,308 soul-destroying people, 1.7 billion CNY regular reorganization units! 】
2024.4.16 8:56 AM BTC market analysis
Last night, stimulated by the news of the landing of ETF in Hong Kong, a lot of people couldn't help but jump in, but this jump may be completely "passively flat". When the price of Bitcoin was around $66,300 last night, I reminded my friends to sleep peacefully. The trend last night was not clear enough and it was not a good opportunity; I reminded my friends that there must be two bottoming outs, 1 hour to the critical point of long and short positions, and 2:00 and 4:00 levels must have a retracement!
When I woke up, Bitcoin fell by $3,000, and most people also wiped out yesterday's gains! If you follow the rhythm of Sao Ge, buy the bottom the day before yesterday, reduce your position by 80% yesterday, and sleep peacefully at night, then this short-term rhythm is just right!
BTC attention
Support 61500/57000
Pressure tentatively set at 64800
BTC is the target with the most institutional holdings, and the price is relatively strong, and the rise and fall are also quite capricious, but the altcoins are not so lucky. Without real incremental funds and retail investors entering the market, it is difficult to support the main force of the altcoins to obtain excess profits, such as dozens of times of profits!
Today's intraday suggestion: The probability of stepping back to 61500 above and below 300 knives will increase as the sideways trading time increases. Let's see whether the Asian session or the Eurasian session will step back first. If it forms a double-needle bottom with 59652 a few days ago, then it will be temporarily safe during the day. If it closes below 61800 after the needle, then it will be dangerous!
