The Bitcoin ($BTC ) market has recently seen the K-line pattern of the Evening Star, which is often seen as a potential downward signal. At present, the price of BTC has rebounded 10,000 points from the low point, which has triggered a discussion in the market on whether it is an investment opportunity or a risk. Although the trading volume is relatively small, indicating that market participants are hesitant at the current price, market sentiment has entered a high-risk area.
For experienced cryptocurrency investors, whether they choose to go long or short, they face the potential risk of liquidation. However, if a choice must be made, as long as investors have sufficient margin, I tend to recommend shorting. Judging from the MACD indicator on the daily chart, the fast and slow lines have entered the high area, indicating that the market main force is going all out in this wave of rise. It is expected that MACD may experience a high-level aerial refueling phenomenon, which means that the price may not fall immediately in the short term, but as the price rises further, the risk is also increasing.
The so-called MACD high-level aerial refueling pattern usually peaks on the third day after refueling, which will be a good opportunity to go all out to short. Just like an airplane refuels at high altitude to ensure that it can reach its intended destination, and then begins to descend, this process may be slow or sharp.
Currently, BTC's lower support level is $67,620. If the market surges next week, investors are advised to consider exiting the market, and for short-selling investors, this may be a good time to enter the market. Judging from the sentiment indicators, the market has begun to enter a frenzy, and the increase in the proportion of longs indicates that some people are beginning to see more. Although there is nothing wrong with being bullish, please be sure to set a stop loss to protect your investment.
In this market environment, investors need to remain calm, analyze market dynamics rationally, and make decisions based on their personal risk tolerance. Remember that the market is always full of uncertainty, so any investment decision should be treated with caution.