$BTC Bitcoin market analysis: set a new high
Background overview:
During the fluctuation of the box, we suggested entering the market with a small position and waiting for the pull-up after the breakthrough. Today, Bitcoin lived up to expectations and set a new high again.
Yesterday review:
Yesterday, although Bitcoin broke through the box, the trend was slightly weak, and the liquidity was insufficient over the weekend, so the rebound was limited. Therefore, we did not publish a detailed analysis.
Today's trend:
At 6 o'clock this morning, Bitcoin started the pull-up mode. From the one-hour level, the first root broke through the previous high and then stepped back halfway. Although the second root shrank, it was still a big sun. Then it pulled back halfway, and two consecutive long upper Yin lines appeared, which seemed to be a pull-up to lure more. If the market rises steadily in small steps, the rebound target may be directly at 110,000.
Current situation:
At present, Bitcoin is under pressure at 105567, and the support below is at the previous high of 104128 and 103127. The upward trend has not changed, and the demand for correction after the rapid rise is apparent.
Operation suggestions:
Those who have not entered the market can make a layout near the support level and wait for a good rebound opportunity after breaking through and stepping back. Once 105567 is stabilized, the next target will be 109923.
