Why are you in such a hurry?
In the market analysis published on May 1, it was said that Bitcoin could only fall to the middle track of the weekly Bollinger Bands in terms of amplitude. Then we saw that after the big cake touched the middle track, it quickly recovered and the weekly line closed with a needle line.
On May 3, it was mentioned that the next step is the repeated fluctuations at the weekly level. We are currently in this stage.
Everyone is concerned about the stage of callback, but there are only two points
What is the amplitude of the callback?
When will the callback end?
As shown in the figure below (do not refer to the amplitude and time, just look at the technical form)
It can basically be determined that:
1. The bottom of this round of Bitcoin callback has been determined
2. The longer Bitcoin fluctuates between 58,000 and 65,000, the more favorable it is for the second half of the market to start!
3. The specific end time of the callback, I think at least 3 to 5 weekly K
4. During the period of fluctuation, local hype of copycat hot spots will continue, such as the AI concept seized by Monkey Brother, etc.
Don't be anxious, and don't panic when it falls.
It's all within expectations, what are you afraid of?
Maybe this is the 80/20 rule. It is always the 80% of people who are panicking. There is no solution.
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