【2024-5-13 $BTC Bitcoin Market Trend Analysis】
Review of yesterday's Bitcoin market: Bitcoin was oscillating all day yesterday. This wave of oscillation lasted for a long time, from the 11th to now. From the trend above the K-line chart, it is oscillating upward. Generally, the market that oscillates for such a long time will have a big market. As for whether this wave of market is bullish or bearish, we still need to wait until the dealer and the institution have chosen the direction after the oscillation. We will get on the bus. It is the most rational behavior not to speculate on the market.
At 10:06 this morning, the Bitcoin market is currently oscillating, but it can be seen that these small coins are falling. In this case, it is not recommended to make orders, especially small coins. The risk is several times greater than the return. This kind of oscillating upward market is recommended for everyone to wait and see. If the market can break through the position of 62374.7 today and stand firm, we will look at long orders today. If it does not break through this position, it is recommended to wait for the market.
If you have a short order that is profitable, it is recommended to set a breakeven or reduce your position. Although the current market is in a state of shock, it can be seen that this wave of shock is in an upward shock. It is difficult to trade small coins. If you don't have an order, you can wait first. You can see if there is any new market after 12 noon when the market changes.
Small coins: Currently, small coins are basically falling. Although these small coins are currently falling, if the market pulls up later, the profits will be drawn out. If you make a profit, you should set a breakeven. If the market does not fall to 60639 and stands firm, shorting is not a wise choice. At present, it is only because of the shock of the market that these small coins are brought down, so this behavior is speculative. For speculative orders, everyone should do a good job of breakeven to avoid turning profits into losses.
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