I have been saying since the day before yesterday that in this section, if you don’t run fast enough, the best advice is to hold the spot and be a coward.
Last night, without any bad news, the one-hour amplitude of $BTC reached 3,000 US dollars, and the lowest reached the second support level given yesterday, and the one-hour liquidation amount was nearly 200 million US dollars.
I think the up and down pins last night were an act of clearing leverage, which did not cause a reversal of the trend and was still in a long position. Today's daily line closed above the previous high of 6.65W, which is the best signal.
Key points:
Whether the daily closing line can stand firm at 6.65W is the key signal to judge whether the market will turn around and reverse.
As long as this condition is not broken, continue to maintain a long-term thinking, rather than staring at the hourly line fluctuations during the day to scare yourself.
If this section is to break through the downward trend line upward, it is very necessary to have repeated liquidations due to frequent bad news at this position.
