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2024.5.11 morning 9:12 BTC market analysis
The recent bitcoin price fluctuations are based on thousands of dollars, which is not friendly to contract players. Before October last year, they were used to fluctuations of hundreds of dollars. This year, they must adapt to fluctuations of thousands of dollars. That means that the contract position must be reduced rather than increased, because the greater the volatility, the greater the risk. Of course, it also means that there is more room for profit, but the tolerance rate is not high, and the liquidation rate is much higher!
BTC attention
Support 59800/56500
Pressure is tentatively set at 61600-62000
At this moment, bitcoin is consolidating along the 1h trend line 60455. With the weakening of liquidity over the weekend, the main force has the lowest cost of skyrocketing and plummeting, but the profit is not the largest. This weekend, it will be a small fight to attract the participation of scattered soldiers and braves, and accumulate until the early morning of Sunday or the daytime of Monday when the volatility increases, harvesting the liquidity of the weekend!
Pay attention to the signal of ultra-short-term falling below 60455 and recovering 60455. The second wave of opportunities is to fall below 59800 and recover 59800!
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