BTC short-term trend continues to improve

Today, there isn't much to say.

There shouldn't be many like me who aren't afraid of being proven wrong and are calling for a bullish trend every day. Currently, both the 4-hour and 8-hour levels are trending upwards. However, if there is a pullback to solidify support, that's also quite normal and not a problem. The key is to watch how the Nasdaq performs tonight. Currently, Nasdaq futures are slightly up. Whether it breaks the new low of the past two weeks at the opening tonight or stabilizes and starts to rebound is crucial. If it breaks the new low and closes below it, it’s very likely that BTC's rebound will end early, and that’s something to watch out for. Long positions can be closed to observe the market. If it only breaks the new low momentarily and then bounces back, the Nasdaq should still be able to recover. The best scenario, of course, is to start rebounding directly.

So for BTC, it’s still necessary to appropriately reduce some long positions at high levels before the US stock market opens. We’ll wait to see the Nasdaq's trend tonight. If the Nasdaq continues to pull back or even breaks the low point, BTC will definitely also pull back. You can cover the closed long positions, and those without positions can enter and place some bets on the long side, betting on the Nasdaq to stabilize and rebound after the pullback, which corresponds to BTC continuing to rebound after a pullback to support. If the Nasdaq rebounds strongly, hold on; if the rebound is indecisive, you can close some profitable long positions in BTC. $BTC #比特币走势观察