Pie market observation on February 20, 2024 #BTC‬

Today, the pie price broke through the recent high of 52859, rose to 53090.9 and then quickly fell back to 50788, with an intraday fluctuation of 4.44%.

This is in line with our judgment yesterday that the overall bullish pattern of Bitcoin in the medium and long term continues, but in the short term it may enter a callback stage that will be repaired through important support.

There were obvious ups and downs today. Both short-term bulls and shorts suffered huge profits and losses, intensifying competition.

From a technical point of view, if the 51880-52233 small-level structure can effectively stabilize in this range, further bullish targets may point to 57777 again.

As the shock band expands, it is now more important to pay attention to changes in key support levels to determine short-term trends.

Generally speaking, the market faces greater volatility in the short term, and the bullish tone remains unchanged in the medium and long term. Investors need to pay attention to warehouse management.