🚨🚨Yesterday I made a small stop-loss, today I made a break-even loss, the market for Bitcoin is not easy to operate, and I have not published analysis articles for everyone.🚨🚨
Overall, the failure to break through one hundred thousand is very unfavorable for the bulls.
⛳️If you were watching the market around noon today, you would have noticed that the upward trend after the stop-loss is hesitant. Although one bullish candle can engulf the decline of three bearish candles, the market's determination to rise is not sufficient, and after the rise, there is no substantial follow-up funding. After the large bullish candle, there are almost only small bullish candles, and the bears have made some obvious probing moves.
Of course, when I analyzed the key point, the short-term trend was bullish (one bullish candle engulfs three bearish candles), so I took a long position at an opening price of 97921, which peaked at 98999 but failed to break through. Although it created a higher high than the previous high, the breakthrough strength was not enough, giving the bears an opportunity to strike down. This wave of correction may very likely reach around 90000 or even 82000, for reference only; it is more advisable to follow the market.
Now, using historical trends as a reference is not very significant, as market volatility has increased, and either side could reverse the trend at any time. The difficulty of opening positions has increased significantly, largely due to the emotional divergence around Bitcoin at 100000 dollars. What we should do now is to feel the market sentiment, sense the market intentions, watch more and act less. 🚨After Thanksgiving, there should be a more obvious trend intention.🚨
Currently, for altcoins, it is advisable to decide whether to buy after Thursday.
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