Still using this chart, 54,000 is the current#BTC1-hour mid-line key point. It has broken through and stabilized, proving that short-term bullish sentiment is gradually increasing.
The next point to note is the yellow line position 55,000 in the chart. As mentioned in today's market analysis, if this position breaks through and stabilizes, the price will return to the weekly range, and the short-term downside risk will be greatly reduced (unless there is an event-driven negative).
What if this position breaks through? Do you go long directly? Or continue to look at the rebound.
The next position after the 550,000 position breaks through is the return of the 57,355 daily position. As mentioned in the previous article, after the rebound time, we must focus on the contraction of each range level. Once the key position price cannot break through the contraction, it will still fall and fluctuate.
At least for now, the sentiment is good, and the current flow of the ETF market is also positive.
