Attention all friends in the cryptocurrency circle, this weekend the Bitcoin is consolidating at a high position, the major players are fully invested, the left hand is cloud and the right hand is rain, turning clouds into rain, what comes next is a rise or a fall? Whether you are in cash or fully invested, here are a few key points from the old nine!
1. At this stage of market development, the short-term trend shows a balance of power between bulls and bears! Coupled with the substantial profits from earlier, those who should have sold have sold, and high-level fluctuations are inevitable!
2. From a technical perspective, the 1-hour trend is biased towards bearish, with a need for a pullback! The daily price is in a state of rising with fuel in the air, and without any sudden negative news affecting it, the overall trend is still absolutely bullish!
3. Today is Saturday, and the market news is light. Watch for resistance at the upper levels of 98.8k and 99.6k, and support at the lower levels of 97.2k and 96.8k! Short-term contract players should mainly sell high!
4. Trading is about one's own inner self, it's a game of the hearts between people! Every trade must have a good mentality, reasonable risk control, and technical analysis; these three elements are essential conditions for a trade, none of which can be lacking!
Everyone, it's the weekend again. Tonight, the old nine invites friends to have a few drinks together to celebrate our phase victory! Have a great weekend!