11.11 Morning Market Overview: #BTC突破8W大关 Bitcoin Hits New High of 81500 USD

BTC closed yesterday's daily line with a strong bullish candle, and the weekly line is also a strong bullish candle standing tall, with the closing price above 80000. It is estimated that this week will still be an unstoppable one-sided rising trend!

What’s going on, what’s going on, many bearish people must be dumbfounded! Yesterday, a large holder directly liquidated a short position worth 150 million USD, refreshing the respect for the market! Today, Bitcoin has hit a new high for the sixth consecutive day. We retail investors generally believe that Bitcoin has risen so much and that new highs appear every day, it must correct, so we prepare to short it or stay in cash waiting for a correction. However, the inexperienced ones charge forward regardless of the consequences, whether hanging at the top of the mountain or taking profits, they just keep charging! This has created the wealth effect of new retail investors in a bull market! Bitcoin currently has no intention of correcting at all, surging upward with bullish momentum to reach the current peak of 81500.

Follow the market with respect, a bull market does not signal a top. The key is that there is no top right now, target prices: 83555 85829 87016; support: 75897 74167 72437

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