[4 billion CNY was wiped out overnight, 85,000 people went bankrupt! It is better to be patient and follow the idea step by step than to be impatient! The coping ideas are included below! 】
2024.6.8 morning 8:37 BTC market analysis
When I woke up today, many people’s positions were gone. This weekend + Dragon Boat Festival is not so attractive. It is useless to rush in the secondary market. What the secondary market needs most is patient batch entry and exit, and reasonable allocation of long, medium and short positions. This is what we need to do, and we can’t be repeatedly ravaged by the market with the same method in the process of chasing ups and downs!
BTC only hit the support level of yesterday last night. The support level given in the morning yesterday was 69000-69500/68500. The lowest level in the early morning was 68405. At this moment, it is consolidating at 69500.
The live broadcast in the morning yesterday and the night before yesterday kept reminding that the positions from 31/1 should be reduced. If it is executed, the positions should be reduced or left before the data is released at 20:30 last night at the latest. If you have not run away from the principal in this wave of rebound positions, then give yourself a few slaps in the face. If the positions that have been trapped before have not run away, and you are ready to take long-term positions, then in this situation at this moment, be prepared to be repeatedly ravaged in the future. Being startled will definitely not reduce the average price and control risks; output cannot rely on emotional FOMO operations or roars, but on our reasonable operations, which is really helpful to the cost of chips!
If you don’t understand it very well, really don’t understand, and can’t operate, then just say it in a simple sentence: as long as the spot in your hand is not garbage, just take it for 25 years!
BTC attention
Support 68600/66800/65000
Pressure is tentatively set at 70500
The trend of the weekend has been after last night's pin, and the trend is to oscillate and bottom out. Last night's pin of 3700+ dollars will not happen on the weekend. The weekend opportunity will only occur when the second bottom is tested. Whether the support in the 68500-68900 range is effective or not will happen! The contract is still the old suggestion: except for the opportunity of the second step, it is not recommended to operate in other time periods. Spot only does the band without going to the pattern, unless it is a long-term fixed investment position!
