May 4, 2024 Grandpa checks in
The market rebounded. This is the May Day holiday. Could it be that the May Day good luck I said two days ago worked? This May Day is not ordinary. In fact, no matter what the market is like, I hope everyone will encounter good things and have a good mood in reality. Maybe life will not be smooth sailing. We have also seen some bad things happen in the past few days, so we should cherish the beauty in front of us even more.
The price of Bitcoin rose by dozens of points, directly recovering the previous decline support of 60,000, and this is a big support, so it is crucial, not only sweeping away the risk of continued decline before, but also reducing the risk of a sharp drop after breaking. Of course, we are not saying that the risk is eliminated, but from the current market, our chips at the support level have been recovered from the loss line.
The market during holidays is still very important, because it represents the current capital intention. Often, only the more important bottom-fishing forces and relatively free on-site funds can enter the market during holidays. As for the staged market, you can continue to look higher and continue to hold the bottom-fishing chips for the time being.
As for the overall market, we cannot say that it has gone well. The medium-term market is still in a wide range of fluctuations, and the possibility of falling below 60,000 again has greatly increased. I would not be surprised even if it falls to a new low. This means that the next market will be more difficult to trade. Be brave to buy and be willing to sell.
Thank you for your attention and likes.
