Bitcoin morning market analysis on Wednesday, September 11
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Since Bitcoin surged to 58,000 yesterday, the market has continued to fluctuate, fluctuating within a range of more than 1,000 points. Yesterday, the market rose first and then fell, and the fluctuation was not large. During the transaction, Bitcoin fell slightly by 1,086 points. In the short term, Bitcoin has always been difficult to break through the integer mark of 58,000. Therefore, under the condition of high upward pressure, it is necessary to pay attention to the market's retracement. It is recommended to continue to maintain a high-altitude thinking in terms of operation.
At present, the daily trend shows a trend of continuous upward movement. Although there are signs of strengthening in the short term, the high level has not been effectively broken through, and the pressure in the 58,000 area is still strong. After yesterday's adjustment, there is still no sign of continued high breaking, and the bulls are beginning to show fatigue. Therefore, before the upper pressure is broken, it is recommended to avoid blindly chasing more to prevent losses caused by market reversal.