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Bitcoin surges and falls back, bulls are targeted again
In the past few trading days, Bitcoin has frequently surged and then fallen back. As soon as the price showed signs of rising, it was quickly 'brought back to reality'. The decline from 98800 is much more rapid than the previous rise, instantly 'swallowing' the gains made over several days, a typical case of 'slow rise, fast fall'. Although there has been a slow bull climb in the short term, market rules warn that 'after a small rise, there must be a big drop', and a pullback after a slow ascent is highly probable.
Currently, we are still in a correction period after the rise. Last week's weekly chart closed in the red, interrupting the rebound rhythm, making it difficult for the market to return to strength in the short term. Fluctuation and correction will become the 'main theme'. In terms of operations, everyone must strictly control risks, closely follow data and trends, and adjust strategies in a timely manner. This week, let's see how Bitcoin performs under the dual 'pull' of news and technical factors, interpreting a fluctuating downward trend.
Yesterday, Bitcoin continued to fall back after hitting around 98000, with a minimum drop to around 94400. After reaching this position, it began to rebound. We can see that as long as the price retraced to around 94800 last week, there would be a rebound and rise.
Recently, as long as 94800 is not lost, all declines are just adjustments and will not have a destructive impact on Bitcoin's rise. Day trading to profit from price differences requires closely following the current situation rather than looking too far ahead, or it may backfire. Once the price stabilizes above 94800, it will continue to rise.
BTC Trading Suggestions
Long at 95500-95200, add positions at 94600, defend against a 400-point drop, target 98000
#ETH持续飙升 #BTC $BTC
In the past few trading days, Bitcoin has frequently surged and then fallen back. As soon as the price showed signs of rising, it was quickly 'brought back to reality'. The decline from 98800 is much more rapid than the previous rise, instantly 'swallowing' the gains made over several days, a typical case of 'slow rise, fast fall'. Although there has been a slow bull climb in the short term, market rules warn that 'after a small rise, there must be a big drop', and a pullback after a slow ascent is highly probable.
Currently, we are still in a correction period after the rise. Last week's weekly chart closed in the red, interrupting the rebound rhythm, making it difficult for the market to return to strength in the short term. Fluctuation and correction will become the 'main theme'. In terms of operations, everyone must strictly control risks, closely follow data and trends, and adjust strategies in a timely manner. This week, let's see how Bitcoin performs under the dual 'pull' of news and technical factors, interpreting a fluctuating downward trend.
Yesterday, Bitcoin continued to fall back after hitting around 98000, with a minimum drop to around 94400. After reaching this position, it began to rebound. We can see that as long as the price retraced to around 94800 last week, there would be a rebound and rise.
Recently, as long as 94800 is not lost, all declines are just adjustments and will not have a destructive impact on Bitcoin's rise. Day trading to profit from price differences requires closely following the current situation rather than looking too far ahead, or it may backfire. Once the price stabilizes above 94800, it will continue to rise.
BTC Trading Suggestions
Long at 95500-95200, add positions at 94600, defend against a 400-point drop, target 98000
#ETH持续飙升 #BTC $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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