【2024-6-16 BTC market trend analysis】
Current market situation:
Yesterday, I started to tell everyone to wait for the market and not to make orders. This is clear because the market is in a volatile area. This volatile area is at: 66427-65996. If the market is here, don't make orders. You can wait a while. After all, it's the weekend.
How long will it take to get out of the market?
This short is a large-scale short order. If you want to wait for this wave of shorts, if there is no news stimulation, it may take 2-3 days, or a few days, or 1-2 weeks (if there is news stimulation, it will be earlier). At present, the thinking of long and short near this point may be a reversal of long or short. If the market breaks through: 66428, we will go long. If it falls below 65249, we will go short. The conversion between long and short is relatively fast.
Countermeasures:
You can wait for the market to break below: 65249 to find the entry point for short orders, or wait for the market to break through: 66428 to find strong small coins to make short-term long orders. If you are not in these two positions, try not to make orders because we do not open orders in the shock zone, especially for novices.
Warm reminder: When doing small varieties, you need to pay attention to the trend of the market and the market conditions of the market (try not to do altcoins if you don’t understand the market)
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