There are typos, I really don't look good at 150,000
封狼-实战为王
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Good afternoon, I spent three hours watching the market, and my perspective is a bit late.
Yesterday, after the U.S. session, the price of Bitcoin surged from 1007 to a high of 1025, thanks to a statement by Trump that would push the U.S. to become a leader in the crypto industry. Later, during the early hours, it retraced, hitting a low of 992.
We had an average short position at 990 on Wednesday, and yesterday we also exited with a small loss of 300 points. There were some high-position investors in the live broadcast who also took a small bite, which can be considered a way to make up for the past two days of holding on.
For today, the first choice is to buy at lower levels and look for a rebound. From the market perspective, although there was a surge followed by a pullback, it is still in an upward trend, which is an undeniable fact; it's just a matter of choosing the right entry point.
Additionally, in the live broadcast, it was mentioned that there would be a wave of movement between 6-10 AM. This morning, it dropped from 1004 to 991, then rebounded after hitting the bottom, and it has again surpassed the 100,000 mark. In the short term, the direction still remains in a fluctuating and circuitous phase, with insufficient continuity. This kind of movement should not be too structured; one should know when to stop.
Still, as I've said, if it maintains a high level around the 100,000 mark for a long time, oscillating back and forth will wash out positions. If the price goes to 120,000 or 150,000, I really can't see it; from a macro perspective, you will discover different things.
Today, reference several levels: it has tested 993 multiple times in the early morning and overnight, indicating short-term support is effective, while the lower range of 988-990 is a dense area, and that is also valid support. Watch out for the early morning high at 1004 and the drop point at 1016, and then the levels around 1018.
The entry point reference is around 993, looking for a wave up to 1004, with a second target at 1016. If it breaks below 988, then pull back and choose to exit.
In an upward trend, one should look for support, not resistance; don't get it confused. Once it surges up, all resistance will be broken through.
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