【★Is the rise of Bitcoin an illusion or a shocking reversal? 】
Continuing from the previous post, BTC crashed to the 55,000 position (the first target) expected by Lao Huo last Monday, and oversold to around 53,500. Currently, Bitcoin pulled back 3,000 points and fluctuated sideways.
The market rebounded, has the situation reversed?
Not yet! The big dealers took great pains to come up with so many negative news and operations, and copied a small part of Bitcoin. It won’t end like this.
The big dealers of Bitcoin have maintained a 50,000-60,000 accumulation period and have not reached the peak. According to the golden section point, it is reasonable for Bitcoin to rebound 5,000 points to around 57,500-58,000.
The 50,000-60,000 accumulation stage is expected to last until the middle of the month.
Next week, it is not ruled out that Bitcoin will attack 59,800 again to give the air force a fierce wave. hanfeng16890
No matter how it rebounds, Bitcoin will continue to fall and create a new low.
The core of the operation of the big dealer is still to accumulate funds in the range of 50,000-60,000, so there is still a high probability that the big cake will fall back to around 50,000. Refer to the operation of 60,000-70,000 big cake accumulation.
Although some cottages have seized the time to rebound, the rebound is very weak, indicating that the various small dealers of the cottage are also cautiously pessimistic about the current market. The market has not yet warmed up, and the cottage will not continue to explode.
In the next period of time, we still need to wait for the clear bottoming signal of the big cake.
The currencies with relatively good rebound strength are wif and ondo.
