How will the market go next?
As of now, Bitcoin is still very strong, and the volume below is still tending to expand.
If the volume remains high in the future, the market is likely to continue to rush to around 85,000, and then choose to pull back.
If the volume starts to decline in the future and the bulls choose to take a break, then the market is likely to return to the range of 78,000~80,000.
You can open the Bitcoin CME futures K-line chart. There is a gap at this position. Generally speaking, the market must be filled when there is a gap.
The possibility of this trend is very high.
However, when the last round of bull market started, there were also two gaps, which were not filled until the bear market a year later.
It will definitely be filled, but it is unclear when.
So back to this position, those who do not have enough positions can slowly enter the market. We should not guess the future market, do a good job of position control, and decisively enter the market at a key position.
Don't chase high these days. Chasing high is relatively risky. As for friends with empty positions, strategies have been clearly given in the circle, just execute them.
As for the coins that have skyrocketed, it is recommended that you take some profits, or set a stop-profit position at the key position below.
The two MACD lines are entangled and have no direction at all.
Now all we can do is watch it and enjoy the wealth feast brought to us by the rise.