Bitcoin broke through a new high in the evening, and came under pressure after reaching the 38803 area. Today's white market has repeatedly prompted bullishness, and the whole line is bullish, with more at any point. In the end, the market arrived as scheduled in the evening, and today's gains were all won. The current rhythm is It has entered a state of correction, and the market continues to hover around the 38600 area. The bullish sentiment has not yet weakened. According to the recent rhythm, the market will have a period of correction after breaking high, either going sideways or going back to correct. Relatively speaking, most of the market is corrected by a retracement, but the intensity of the retrenchment will not be too great. It will continue to rise after the correction. This is also a relatively common trend in the near future. In the short term, you can first pay attention to the strength of the market's retracement and wait for it. After the correction, continue to participate in low and long positions. The short-term support can be seen in the 38,000 area. The currency price was also blocked at this level many times in the early stage. At present, it is unlikely that the new high will break upward in the evening, so we are still bullish in the general direction of operation, and we will still treat it with a low-long mentality in the short term!
In the evening, Hua Ye suggested that the pie should be long around the 38200-38000 area, with the target focusing on the 39000 line.
The above blog post is purely a personal opinion and is for reference only. The article is timely! If you have any questions, please feel free to discuss in the comment area!
