【Last night, the cottage industry began to stagnate, and BTC's momentum to rush to 64,900 was slightly insufficient! Chasing high is absolutely not advisable! 】
2024.5.5 From 56537 all the way to 64547, it has risen by 8,000 points. You didn't buy below 60,000, but now you can't help buying around 64,000. This is a typical rhythm of chasing high, so if you miss this wave, then continue to bear it. If it breaks through and stands firmly at the 64,900 line, there is still room. Before it stands firmly, honestly reduce your position and don't chase high!
The holiday is about to end, and tomorrow will usher in the opening of the global capital market. A new capital competition is about to come. The short-term stop profit is 85%, stop profit 85%, don't ride the roller coaster frequently, and watch the rise and be reluctant to stop profit positions. This is absolutely not advisable!
BTC attention
Support 61000/59160
Pressure is tentatively set at 64700-65000
The expectation of a second retracement is out now. Regardless of whether it is stepped on or not, the price has risen by 8000 dollars. It is time to stop profit of 85% position and 0 risk game; the key support level above is 64700-65000, and the bottom trend line support level below is 59160. It is currently close to the upper track of the range, so don't chase more!
