【BTC enters consolidation period, volatility gradually decreases, is the stage bottom coming?】
2024.4.17 morning 9:34 BTC market analysis
Last night's big cake was stable, after a symbolic retracement to 61800, and formed a triple bottom with two retracements during the day, the highest rebound was more than 2600 knives, and the high point was slightly higher than the day. It can only be said that the trend at this moment is accumulating power towards a short-term three-to-five-day level rebound, but it still needs to be confirmed at least once at the 1 o'clock level. If the 2 o'clock and 4 o'clock levels can be confirmed once more, then a very standard three-to-five-day small rebound trend will be officially established!
The approaching halving, Dubai token 2049, local hot war stimulation, and the postponement of the US non-agricultural CPI interest rate cut schedule are all potential impacts on the market. At the same time, we should also see opportunities. Some people are happy and some are worried about the same market!
BTC attention
Support 61500-62000
Pressure is tentatively set at 64800
In the current market, for players who are short or have not yet laid out, it is simply giving away money; for players who are already fully invested, if they are new investors, they must be suffering greatly in terms of energy and mentality. In fact, you only need to understand one thing, since a coin can rise many times, it will also fall several times. We cannot double-standardize us, but one thing is certain, as long as it is not garbage, it is only a matter of time before it rises back; looking back at the consolidation time in the middle of 23 years, how many people were washed out? How many chips were washed out? The wash is definitely not for zeroing, but for the main force to change hands to get more cheap chips!
If you don’t have enough understanding of this, then the 25-year wealth reorganization must have nothing to do with you!
