[Analysis of the market on April 14, 2024]

[Viewpoint]: If I say that the market has not fallen completely, will I be scolded? Judging from the amplitude and sustainability of the rebound, it will continue to fall, and it has not fallen through! It will continue to explore the bottom again! It is probably between 61800-60000. I personally placed an order at 61000, and the stop loss is at 58900!

[Reason]: Since the rebound in the morning formed a piercing structure, it should continue to be strong, but it did not. The rebound was beaten down at the 0.618 position, indicating that the bulls are not strong, and there is no continuity and sustainability. Moreover, the fullness and volume of the K-line are not good. Although I really hope that it will rise, because I also have big cake spot, but the market is so pessimistic. Respect the market, there will definitely be a rebound, but no one knows where it will rebound. Take it one step at a time!

[Operation method]:

BTC: Look for right-side opportunities between 62000-60000 to open longs. Remember that it is not recommended to place orders for right-side opportunities. Stop loss is 58900. If it rebounds directly to 65500, then there is a high probability that you still need to find an opportunity to go short.

[Summary]: The market trend is weak, and the copycats have been bloodbathed, but the rebound is very weak. Don’t think that there will be no more plunges after the plunge. People who have experienced 312 know that many people bought the bottom on 312 and were liquidated on 313, falling before liberation! Don’t be obsessed, the weak market is a fact that must be acknowledged! Pay special attention to the vicinity of 65500. If it cannot continue to rise, then this may be the last chance for the bulls to escape, at least in the short term!

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