Bitcoin Evening Analysis

This morning, Auntie mentioned in the analysis that the market was very strong (as everyone can see from the previous post's analysis, it rose in the morning and fell in the afternoon), there must be a contrast. As expected, I predicted that the afternoon would see a waterfall-like correction. I wonder if everyone took this in, it's best to take profits when you can. I don't aim for extreme profits in my trades, just stability.

Now let's analyze my view on Bitcoin. The highest point today was 98100, and as of now, it has dropped to around 95000, down about 3000 points. The support level below is at 94650. If it breaks this position, then hurry up and sell. If it dips down, then still go long. As you can see in the chart I drew, the oscillation space should be between 95800-97600, but it is still falling. The position at 95000 seems very awkward. If you go long and it goes down, you won't have time to react and will be forced out. However, if you short, this position is not suitable, as it is already near the lowest point of today. Since it's not far from the support level below, it may very likely break that level and continue to fall. From the hourly chart, there are three small dip points where the selling pressure has basically run out. Personally, I suggest still going long, as it has fallen too quickly in an instant. Those going long think it's a pullback, and most people's stop-loss positions are around 95000, but unexpectedly, a dip forced them out. This evening, it is estimated to pull back to around 97000. Without further ado, here’s a pending order for everyone.

Long near 95000

Stop loss at 94200

Take profit at 97200

Personal advice for reference only, buckle up and let’s get going, brothers. $BTC