To be honest, I think the Bitcoin strategy given yesterday is relatively conservative. Pinching is inevitable. Bitcoin fell below the trend line in four hours and dropped 1,500 points before pulling back. It fell to a low of 93,578. My stop loss of 94,000 was triggered. Why do recent pins keep staring at my stop loss [picking nose].
In the past 24 hours, the total amount of liquidation in the crypto market reached 619 million US dollars, of which Bitcoin and Ether liquidated 85.77 million US dollars and 61.5 million US dollars respectively. After last night's pin, the shark pattern drawn yesterday is very likely to come out. The next target of this four-hour rebound is around 100,000, which is just near the middle track of the price channel line. At present, the four-hour is strong, and there are signs of a pullback in the one-hour and fifteen-minute periods. The retracement to the Vegas channel line of 96,000 and the rising trend line of 95,200 are all entry opportunities.
Currently, Bitcoin has lost value compared to yesterday, while ETH and SOL are holding strong. I will provide an analysis shortly. Family members who like this, please focus.
