In-depth analysis of the weekend Bitcoin market
First, let's focus on the pressure range shown in Figure 1. The 63,000 to 63,500 area is not only the key resistance zone of the last high and fall, but also the starting point of the accelerated decline from the 66,400 high. Therefore, this range is by no means an easy chasm to cross, and it contains strong market psychological resistance.
Next, we look at the support range, as shown in Figure 2. The 62,000 to 61,700 area was the starting point when Bitcoin fell from a high to a low of 58,900, but now it has turned into a solid support zone. This change undoubtedly provides an important psychological support for the market.
From the 4-hour technical chart, Bitcoin has currently reached the above pressure range, accompanied by signs of a decline in technical indicators. This indicates that the market may usher in a wave of corrections in the short term. But it is this kind of correction that provides us with a rare opportunity to "pick up money". We have already laid out in batches, bottomed out near 59,100, and successfully stopped profit on Friday.
In the face of the upcoming correction, we will not stop here. On the contrary, we will continue to seize opportunities and take back chips in a timely manner. Because we know that in the fluctuations of the market, only by keeping up with the rhythm can we seize the opportunity to make money. Let us work together to write our own wealth legend in this feast of digital currency.
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The target is ten times the potential code. If you want, I will invest in Zuye and find me. This is a project that must be taken in this bull market. Ten times is not a joke. Ten times is just the beginning!
