Bitcoin continues to hit new highs. Bears are hurt, but bulls dare not chase. What should we do in this situation?
For this week's rising market, the bolder the people, the more productive the land. We are long above 86,000 today, looking at 89,000. After reaching 90,000 in the afternoon, we pointed out again to look at 91,000! It reached 93,000 directly in the evening. As long as you are above 87,000, there is 5,000 points of space! For the rise of Bitcoin, many people are still looking for logic and technology. In fact, the most essential thing is the operation method of the main force. Any round of trend market is a combination of the main operation and fundamentals, just like climbing stairs, pushing up step by step.
BTC intraday layout:
Wave 1:
(1) Bitcoin 87932 kong, 86578 out of the warehouse, get 1354 points
(1) Ethereum 3256 kong, 3181 out of the warehouse, get 75 points
Wave 2:
(1) Bitcoin 86537 kong, 87352 out of the warehouse, get 816 points
(1) Ethereum 3166 kong, 3177 out of the warehouse, get 11 points
Wave 3:
(1) Bitcoin 87535 kong, 88399 out of the warehouse, Take 864 points
(1) Ether 3178, 3184 out of the warehouse, take 6 points
The fourth wave:
(1) Bitcoin 87578, 90859 out of the warehouse, take 3281 points
(1) Ethereum 3176, 3294 out of the warehouse, take 118 points
This week, Bitcoin has reached a new high every day. In the evening, it continued to hit 93,000, setting a new high. The upward pattern has not changed. It is still a high-level continuous push and slow rise. The current situation is that bulls dare not chase longs, and bears dare not short. In the face of extreme market conditions, success is not a complete victory. Only by retreating can you be safe. Therefore, I also emphasized today that you should not hold orders. This is a rule, not a suggestion.
The current market performance is a continuous squeeze. Even if there is a counter-killing operation and a sharp and rapid decline, such as yesterday's adjustment of Bitcoin to around 85,000, there will still be opportunities to go long in the future, because the bull market foundation remains unchanged and will not change in the medium and long term.
Next, Bitcoin can continue to rise to 95,000 after breaking through 92,500, which is the target position of the 4-hour level rebound!
Ethereum, this week's high is 3450, breaking through 3400 and continuing to look at 3550!
At present, going long depends entirely on patience and courage, and there is no technical skill to speak of. As long as there is no accelerated surge, or before the signal of a staged high point, choose to go long at a low price, or go long directly when it is strong and sideways, and don't think about it.