9.20 Bitcoin has not yet reached the top, you can still go long
BTC continues to be bullish. A comparison of long and short positions shows that the bulls are obviously strong, but it is still in the ascending triangle consolidation for the time being. Please be patient enough. There is a good chance to continue to break through tonight. Bitcoin bulls are still strong, no big problem, short-term shocks, no pattern, waiting for the pattern, relay patterns are all played like this, there is no use in a hurry, there is no direction before the time comes, and the direction will come out when the time comes. Now the rising wedge has been broken, and the idea of buying on dips and sharp drops is not recommended for the time being. From the perspective of volume and price structure, the probability of false breakthrough is low.
Currently, a small resistance is formed at the 64100 mark. Bitcoin also went to the 62800-62500 support level to take long after the pressure correction after the test of the breakthrough failed. It is prudent to wait for the correction to the low level to consider buying. If Bitcoin reverses and falls, it must fall below the 61800 position. 64100 is definitely not the peak of this time, so there will not be a big correction in the short term. If you are not satisfied with the recent market operation, please consult btc0796 and find me to discuss the layout of the medium and long-term market.
Bitcoin retracement: 62000-62500, target 64000-65500, defense 61000
Ether retracement: 2470-2500, target 2570-2640, defense 2420
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