The 8-hour chart has stopped. Let's see how high it can climb. If it breaks the previous high of 65,000, it will go to 70,000. If it stabilizes at 70,000 and reaches the beginning of 89, it can be seen. If it fails to break 65,000, it will go to 45,000 to 42,000. But I personally think that it is more likely to go to 54,000 if it does not break 65,000, and then go sideways from around 45,000 for a few weeks to the beginning of 89. I prefer this approach.
We don’t know how high it will rise to at the moment. 69,000 and 70,000 are super strong pressure points, but it will not be wrong if the next big correction position is 45,000 to 42,000.
Why there is no short-term strategy? Because now it is a monkey market, and there is no money-making effect from the fluctuation of one or two thousand points, so we have to wait. The medium and long term are the markets with the best money-making effect.
$BTC I do not recommend you to place an order at the moment, please wait patiently. If you really can't stand it, just do a light position and ant position operation.
The most critical period for determining whether the decline has stopped is 30 minutes. If a bottom divergence appears in 30 minutes, then 58,000 is the bottom this time.
It has precisely reached the support level of 59,900 near the two-hour EMA52. It depends on whether the two-hour rebound is strong enough and whether it can break the previous high. If it cannot break, it will most likely go down tomorrow.
Can it go up to 80,000 to 90,000? Last time when it was 72,000 to 53,000, it went up in a hurry, basically without any sideways fluctuations. At that time, I said that it would be great if it could break the previous high. This time is no exception. It went from 70,000 to 49,000, and then did not stop at all, nor did it fluctuate sideways, and directly pulled back to today's 62,700. So my conclusion is that even if it goes up now, it will not break through 70,000, where will it fall after reaching 70,000? I will give you two prices now, one is 45,000, and the other is 42,000. Basically, the error is not large. So the current price is around 61,200. Is it going up or down? At present, there are sufficient reasons for both going up and down. Friends who are short are advised to wait and see and wait until it goes up to 70,000 and go short. Go long again when it goes down to around 59,200 and bring a stop loss.
There is one last level. If the market fails to rebound in two hours, 62800 is the top of this rebound. The risk of long orders is relatively large, while the risk of short orders is relatively small. The final conclusion will be given after the rebound in two hours ends.
The 2-hour level is doing a pullback, so open an ant position to short. 57,000 is a strong pressure point, and multiple indicators are forming pressure at 57,000. 70,000 fell by 20,000 points. Now the small level is adjusting to form a bottom structure. The current conclusion is to buy at the bottom.
According to the current buying order data, the buying orders at the three prices of 50,000+49,000+48,000 exceed 1,000 BTC to form a support consensus sentiment. So the conclusion is that today's daytime 5.5 fell back to around 50,000, and there is no direct spot entry below 48,000!