Daily market analysis - BTC
In yesterday's analysis, it was mentioned that "if the upward structure is to continue, the price needs to form a new 'higher low'. From the sub-chart indicator, this means that the oscillator needs to cross the second black horizontal line again."
The price is currently in a resistance area, and the oscillator has crossed the first black horizontal line, which can be regarded as a signal of reducing long positions.
It is not suitable to enter the market to do more at present. The real long position opportunity lies in chasing after the price breaks through this area, or intervening in the callback after the breakthrough.
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