【BTC enters a familiar rhythm of shock and decline, all waves are pullbacks and cannot be considered as reversals! 】
2024.6.24 morning 9:14 BTC market analysis
The current market: First of all, don’t ask whether it is a bull or a bear all day long. Most of the cottages have fallen by more than 80%. There is no doubt that it is a cottage bear. There is no doubt about this! BTC fell from 73,000 to 63,000 and consolidated back and forth for two waves. Although it cannot be completely called a bear, the medium and long-term trend of BTC has been in a bearish form since April and May!
So all operations are waves, and they must not be patterned. One game is the end of being trapped!
When you have such thinking, you must implement it in place in terms of cycle, consciousness, and action. Then you will understand that if you want to make a profit, all operations must be short-term, and you will run away after making money;
If you want to get medium and long-term excess profits, you must wait patiently and arrive in batches! Without batch operations and long-term thinking, you can’t withstand the current retracement;
Position yourself well, keep enough oil, and don’t hold any fluke!
BTC attention
Support 61500/59000
Pressure 67300
At this moment, the big cake is in the standard retracement along the downward trend channel. It is Monday again, and the volatility is definitely increased. The trend line is at 62600-62800. Intraday opportunities can focus on the intraday retracement of this point without breaking or falling below the signal of recovery! 1-2 times at most, only valid within the day!
