After the Bitcoin price fell back to 53,000, it rose to around 58,500 last night and even in the early morning. Once BTC fell back sharply, many of the Shanzhai stocks that fell sharply would blow out. It basically took half a day to rise, and even reached the point before the big drop, which was really crazy.
We all know that the US stock market is closed on weekends. During this weekend, retail investors are generally very relaxed. The market rose rapidly, and retail investors did not react, and the market went up. This is also a major feature of Shanzhai. So capital is always sold after the retail investors have not recovered from the failure. The market has risen.
From the weekly line of BTC, Ma is in the embryonic form of a dead cross, and KDJ has not yet bottomed out.
Now the market has fallen back to around 58,000. If the market falls to around 53,000 again in the evening or next Monday, the weekly KDJ bottoms out and MA crosses, then the basic market range will stabilize at 53,000-63,000.
Then for next week's operations, there is a range to grasp, which makes you feel more at ease.
