In any situation, risk is inevitable, and its size is often proportional to the scale of the matter. If an individual fails to alert himself to the risk and his friends around him do not give a warning, then the individual is really at risk.
As far as the current market performance of Bitcoin is concerned, it has once again fallen into a small fluctuation range, and the hourly trend has shown a trend of multiple upward explorations and then falling back. Considering that the market activity is usually low during the weekend, it is difficult to see a large-scale unilateral market. Therefore, in the short term, the price of Bitcoin is under pressure near the middle track and shows a slow downward trend.
From the perspective of the 4-hour time frame, this downward trend is expected to continue, which means that the market may continue to show a volatile downward pattern. In such a weak environment, we should remain vigilant and be prepared to follow the intraday trend to short. Bitcoin failed to effectively break through the high level and continue to rise, but began to fall after reaching a high of $64,100, which further strengthened our expectation that the subsequent price may fall further. Even if there is a rebound in the future, we should plan subsequent trading strategies around the strong pressure levels above.
