The market is undercurrent, and the time to buy the bottom may be just around the corner. Get your bullets ready, and the skyrocketing market may start!
Yesterday's market rose and fell like a roller coaster. The main routine was too deep. It was definitely not that simple. It was too easy for Bitcoin to rise directly. It was probably the right script to fall first and then rise. The recent increase in capital inflows in the big cake market shows that investors are still interested in big cakes. The participation of institutional investors is also gradually increasing, which provides some support for the price of big cakes.
In the long run, big cakes are still in a bullish trend. The previous upward trend has laid a certain bullish foundation for the market, and it is currently in a staged adjustment or relay form during the upward process. The long-term upward trend line has played a certain supporting role in the price. If the price can remain above the trend line, the expectation of long-term rise still exists.
From the 1-hour technical indicator, MACD is close to the top axis at the current position, which shows that the market is in a more tangled state in the short term, and the momentum for both rising and falling is not particularly strong. But the overall trend is still dominated by bulls. The pullback is just to better absorb funds and prepare for the new high of 65,000. Therefore, the intraday thinking is that the pullback is an opportunity to go long.
