2024.4.17 #BTC Market Analysis

Chart situation: (H1 chart)

1) Downtrend.

2) Pay attention to the orange range. The upward direction here is just hunting range-H. If you can stand firm here, it will be structural damage. Then you can pay attention to the buying opportunity after standing firm, and the target is MH.

3) Range-H cannot stand firm, and the market is still fluctuating and falling. Orange and blue range-L are waiting to be tested again, and they are still waiting to be hunted.

Trading recommendations:

1) Spot orders 61000-58000 There is no big problem in buying spot in this range.

2) If you stand firm at 64000, you can pay attention to the opportunity to step back and buy.

PS: This article is only my personal opinion and does not serve as investment advice. Please be responsible for your own profits and losses.

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