The first position has been reached, have you reduced your holdings?

2024/5/9 morning:

#btc #pepe

BTC market analysis: It is slower than I thought, but it is late. From a horizontal perspective, the retracement after falling below 63 should accelerate the decline to around 608. It seemed to have been grinding for a long time last night, and finally reached the first target this morning. Trading opportunities: Friends with short orders must reduce their holdings here and continue to wait for the realization of the range to lock the main profit. If it is realized later, the stop loss will be moved down to the opening price after locking the profit, and there is no risk to gamble on the potential short continuation of the daily line. It should be noted that this is a four-hour structure entry, and the stop loss must be carried out according to the four-hour structure. The speed of the market is also related to the level of progress. For example, the current monthly line has a bullish structure, and the future must be to get spot, but it is difficult to predict how long it will take to wait.

Pepe is really too slow, and I will not talk about this coin again recently. I will mention it again when there is a trading opportunity later. The analysis remains the same, please see the previous posts for details.

If you have any coins that need analysis, you can leave a message in the comment area, and I will reply to you in detail when I see it. If my sharing is helpful to you, remember to follow me, I will update the market analysis and trading opportunities every day, without hindsight or trickery, just the trading logic.