Conveying the way of trading, enjoying a wise life.
We talk about Bitcoin's price retracement not ending, which may trigger the $85,000 position. At $85,000, please remember to buy or enter the market again. However, after Bitcoin's price retraces to $90,900, it formed a medium bullish line yesterday and created a bullish engulfing pattern. This place is also the 236 line of the golden ratio, as well as the upper boundary of the previous dense trading area. Its lower boundary is the 382 line, which corresponds to the position of $85,000 to $87,000.
Of course, reaching $85,000 - $87,000 is what we are expecting. If it stabilizes after hitting the 236 line, we should accept it if it does not reach $85,000 - $87,000. Therefore, at this point, Bitcoin is very likely to take a new path, and its adjustment may also end early. Even if it does not end, $85,000 is still a very good position. If it ends at $90,900, we can accept that as well. So under the condition that the trend does not change, if your position is below 50% or at 50%, you must seize the opportunity to push your position up to the corresponding high level.
Next, Bitcoin may consolidate below $100,000, gathering strength to rise again after fluctuating. At the same time, we can also see that Bitcoin's market share has started to gradually decline. During the decline process, after touching the 61% position, it is just about to test the important key support from the previous period. Therefore, if Bitcoin's market share falls back to 57.65%, it is very likely to stop falling and then welcome a new rise.
A reminder to everyone, if your position is low, take this opportunity to add to it. After Bitcoin touches the important support, there will inevitably be a strong rebound, which will drive the overall market up, welcoming a new 'blood-sucking' phase. When Bitcoin rises, altcoins may stagnate or fall; when Bitcoin falls, funds flow into altcoins, leading to an explosion in altcoins. The final phase is when both Bitcoin and altcoins explode simultaneously. So now, if we look at the cycle, it belongs to the early stage of a bull market. If you haven't entered the market, seize the time to lay out. If you hesitate, you may miss this wave of wealth.
What cryptocurrencies are worth our layout and long-term attention? You can join our spot class. The main purpose of today's content analysis is to remind everyone that Bitcoin may end its adjustment trend early, consolidating above $91,800 and fluctuating below $100,000. Bitcoin's market share has also reached a critical point, so those with insufficient positions should seize the time to add to their positions or increase their holdings.
To learn more, you can contact our assistant to join the VIP.
