The rebound and rise of BTC has not yet seen a clear turning point❗️
See here for operational responses 🔔
Many star stocks in the U.S. stock market were mixed before the market opened, and market sentiment recovered significantly. Nasdaq futures are still showing a rebound and rising trend in a narrow range, and the U.S. stock index is still rebounding toward the mid-range according to the Bollinger Band structure. Affected by this, there is reason to believe that Bitcoin’s upward momentum has not stopped yet, and there is still room for further exploration above.
As mentioned before, the rebound of BTC exceeded expectations, and we successfully made a profit of 6,600 points with one short and one long operation. Currently, we observe that BTC is only adjusting in a narrow range after a short period of consolidation, and there is no obvious downward momentum.
Based on the analysis of the previous trend structure, if the U.S. stock market continues to rebound at the opening of the evening, BTC's callback inflection point may be formed near 63800 after continuing to explore. If the market encounters pressure near this point and is accompanied by an increase in trading volume, then BTC may encounter an inflection point in this rebound.
Operational suggestions: For those who follow Wu Ge’s operation, it is recommended that when BTC rises to around 63800, refer to the trading volume and ultra-short-term trends. If stagflation occurs, consider shorting an appropriate amount, and at the same time strictly set stop losses according to trading disciplines. Prevent unexpected fluctuations.
In addition, the strategy is not absolutely accurate. As mentioned before, follow the strategy and watch the market trend. If it meets the expectations, then take action. If the trend does not meet the expected rebound trend, take another approach🌹
