Bitcoin closed with a large positive candlestick on the daily chart and fell slightly after touching the upper resistance level, almost recovering all the losses of the previous three days. At the same time, it was accompanied by the return of bullish momentum, expressing the meaning that bulls are in strong control of the market, but the overall market has not been able to break away from the shock range, and the subsequent direction is not clear enough.
The medium-term price trend has indeed completed a turning point above 57,000, restarted the rise, and broke through the previous high. When relying on the previous resistance level to form an engulfing top pattern, we need to be vigilant against continued declines in intraday prices.
The short-term gain is better than expected, but it still maintains the rhythm of drawing a gate. I believe that when the long-term trend is unclear, the small level will continue to maintain a V-like situation. Judging from the current market, the previous upward trend is being destroyed, and we need to wait for a fully volatile adjustment to come.
Strategy: Wait and see
Idea: Long low and many, short high and empty
