【2024-6-16 BTC Trend Layout Analysis】
Yesterday the market was also oscillating, so there was no square. Today the market is still oscillating. The oscillation area is around: 66464.4-67056. Try not to place orders around this area. Although the market is on the short side in the big cycle, given that the market has continued to fall for 3-4 waves, the profit from the decline may continue to weaken. Unless there is a negative news to help the decline, we do not recommend this kind of short. The risk is greater than the profit. If the market cannot rebound to: 67631.7, then don't wait for more. If you really want to short, you can wait for the market to fall below: 65361 before opening a short position so that you can make a profit. Warm reminder: When doing small coins, you must pay attention to the trend of the market and remember not to go against the market.
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