Last night's rebound was stronger than expected, retesting Fibo 0.618. However, the big positive line was then reversed by the big negative line, and bearish sentiment prevailed in the short term.
Powell's remarks once again triggered violent market fluctuations, blowing up long and short positions. Next, we need to pay attention to BTC's price reaction at the bottom of the large range and adopt the following strategies:
If BTC is effectively supported at the support level and rebounds strongly, this is a signal to go long, indicating that the market may strengthen again.
If BTC falls below the support level and the subsequent rebound is weak, this is an opportunity to go short, indicating that the market may fall further.
2B false break and rebound long:
If BTC has a false break, that is, the price briefly breaks below the support level and then rebounds quickly, this is also a signal to go long, indicating that the market's tentative decline has not continued.
Paying attention to these key points and market reactions will help make more informed decisions in subsequent transactions.
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