Why is the market so frustrating recently?

Today BTS suddenly pulled back to 68800 with heavy volume above 70000.

This wave came very suddenly, causing some panic in the market, and many friends started to curse. This fluctuation is very normal in the currency circle, and we should slowly get used to it.

In the long term, whether it is the monthly or weekly chart, Bitcoin is in an absolute upward channel, especially since the monthly chart has been positive for 7 consecutive years.

If nothing unexpected happens, the monthly line will complete the great achievement of 8 consecutive Yangs.

There may be a wave of correction in May. After all, according to the old rules, Bitcoin will always have a correction after the halving. The market must have a shock cycle to confirm the cost price of Bitcoin.

Once a consensus is reached, this bull market will start to rise.

However, in the short term, the news is not very good, especially since it fell below 70,000 today. It depends on whether Bitcoin can quickly regain its lost ground, otherwise it is likely to hit the 69,000/66,000 support range.

You don’t have to worry about falling below this range. There is a high probability that the market will trend upward.

The current shock range is 69000~716000.

As long as it doesn't fall below or break through, it's a good opportunity to sell high and buy low.

The current key point in the market is 716,000~72,000. Once it breaks through, the upward space for Bitcoin will open up, and we may see Bitcoin at 75,000~80,000.

Therefore, today's callback can be seen as the market exploding at a fixed point, confirming the pullback before pulling up. Without any surprise, Bitcoin will soon return to above 70,000.

Okay, the above is for your reference. #BTC #大盘走势 #新币挖矿你参加了吗？

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