Afternoon
Recently, the K-line charts are filled with spikes, and there was a significant drop in the early morning, with a sudden black swan event likely causing bloodshed in the market again. Those who follow Xin Yi should have set their stop losses by now, right? Last night, I also early warned that a pullback could come at any time, and both the risks and potential positions were indicated. I just wonder how many people managed to follow along 🙃
The market has been changing rapidly recently, with prices fluctuating. In the morning, the price touched support and rebounded, but by noon, it showed a downward trend again, operating near key support levels.
From the daily chart, after a brief breakout, the price quickly rebounded and returned above the middle band, gaining support. In the short term, the middle band and the 30-day moving average range are expected to become important support levels. On the 4-hour chart, the price has fallen below the 60-day line and trend line support, and may encounter resistance in the short term.
Overall, in the afternoon, attention should be paid to the price pullback, and low long positions should be taken when there are appropriate opportunities. Regarding Bitcoin, it is recommended to focus on long opportunities in the 97000-96200 range, with a target initially looking at around 98500, while also setting personal stop losses.
In summary, the market is fluctuating repeatedly, and operations should be cautious. I hope these suggestions are helpful to you. #加密市场回调 #市场回调抄底还是观望? #BTC☀ #BTC走势预测