In the early morning, the lowest price fell to around 59,000 US dollars, and then closed up.
After returning to above 60,000 US dollars, will this round of decline clean up the bulls and then rise?
For the decline last night, we actually reminded people to pay attention to the trend line at that time. There was an opportunity to participate in short selling. Those who seized it could have a profit space of one or two thousand points, but the market rebounded very quickly. If you don’t react in time, you may lose your principal. It depends on everyone’s operation.
The short-term decline of 5 waves has been completed, and the trend line has been broken today, so the short-selling view must be changed. The subsequent market is likely to rise, so everyone should seize the opportunity. This round of rise may be large.
Over the past two days of the weekend, the operating range is likely to be between 62.5k and 60k. If there is another step back to 60,000 US dollars, the support is confirmed, which is a good layout opportunity.
However, the market does not give a callback opportunity and breaks through directly. Then, if the 62,500 US dollar range breaks through, we need to consider chasing the rise. The daily trend line breaks through, and MACD is expected to form a golden cross, which will be a very strong signal.
Even the adjustment framework that has been adjusted for nearly 200 days can be broken through, which means that a new round of BTC bull market has begun.
