In the current market environment, it is recommended to adopt a cautious trading strategy. The market trend is difficult to predict. If the market goes down further, the spot target can be boldly increased.
The market has seen two lower highs and lower lows recently, which is not a positive sign. Although the market has rebounded, more confirmation signals are still needed to confirm the continuation of the upward trend.
Based on the current situation, the BTC price may first rebound to the range of US$60,000-65,000, and then fall again, which may induce more bulls into trouble. Although this situation is not inevitable, we must be prepared to deal with it.
It is recommended to be patient and wait for the new market structure to become clear before making a decision.
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