Today is May 17th, BTC price is 66274
I have made it very clear about the market these days. Long pullbacks and bullishness will become the main melody. The market depends on indicators, not feelings. Why can we determine the bottom with an 80% probability after the retracement of 58,000? Why did the 4-hour MA250 fall every time it touched in the previous two months, but it can stand this time? Why does the extreme shrinkage represent the completion of the bottoming? The market is out. Do you really think that this CPI, which is neither painful nor itchy and meets expectations, can reverse the market? Wrong, this is just a small opportunity. The real reason is that the adjustment is over and all indicators meet the elements of strengthening.
Whether it is the main force or the small dealer, you can do evil for 1 day or a few days. Just like the 24-hour V-shaped reversal at the end of the BTC adjustment triangle, they cannot always go against the trend. This is the rule.
Back to the market
1. BTC has had a single-day big positive line at the daily level. Respecting the fact, the market is bullish. Just as BTC had a positive line on May 3, I said that it would not fall. The mainstream currency market usually fluctuates slightly, and the change and rise are often in a moment. If you don’t make advance volume, it means chasing high. The medium-term is bullish. Patience is a good friend.
2. BTC 4-hour level now has a good trend. High-quality altcoins are nothing more than going up directly or consolidating and then going up, because at the bottom, there will eventually be a daily rise. In my opinion, the shock first is to continuously give short-term opportunities, and pull back to do more
3. In terms of operation, with the help of small-level pullbacks in the market, go long on dips and follow the trend. For short-term selection, select the top of the list of gains and select currencies with large fluctuations. BTC’s first support level is 65280, and the second support level is 63320 #BTC走势分析