The downside space is limited, the rebound height is blocked, and it is difficult to go up or down. There is a high probability of continuing to maintain narrow range fluctuations in the short term to find the bottom. It is recommended to wait and see.

This round of breakthroughs actually has a lot of water, there is not much sideways space, and there is not enough time. The short energy that has been accumulated for a long time has not been released. The breakthrough is swept directly from the bottom, and there are not many signs of fighting. , it was already doubtful. It failed to reach a new high in early trading yesterday, indicating that the rise relay failed. The intention of breaking through to induce bullishness and exploding shortlisting has become obvious. The market outlook will still run in the range. I personally prefer the technical top of the double shoulders, that is, the left shoulder has been formed. , the next step is the building process of the right shoulder. It may be difficult to reach a high position, but the risk of continuing to plummet in the short term is limited. After the range fighting, there is a high possibility of an intermediate correction. It is not advisable to chase the rise and kill the fall in operation. Go short at the top of the range and short at the bottom of the range. Just go long, the 40,000-41,000 line is long, and the 43,000-44,000 line is short.

BTC has stabilized and rebounded again, with the lows getting higher and higher. The strength of the rebound seems to be very weak. It basically advances three times and retreats two. It feels like there is heavy selling pressure from above. In fact, it can easily pull up every time. There are main forces here that fluctuate repeatedly. , suspected of attracting funds to build positions, is different from the previous two rapid rebounds and breaking away from lows. This time, it is likely that there will be a shock-type slowly rising market that is resisted by short sellers. Can it evolve into a short squeeze in the middle? It will indeed happen again. To go up in a wave, we still need to look at the performance after reaching a high, and we must also be careful of false breaks to induce bullishness. In terms of operation, we should adjust the low level of about 400 points to absorb appropriately. It is not advisable to chase the rise.

Not much to say, the short-term strong sideways structure has been broken and has chosen to go down. In other words, the possibility of taking off again in the short term is unlikely. Instead, there is the possibility of forming a double top and breaking down. If altcoins continue to be active, BTC funds will It will be diverted, and the market outlook can be expected to fall back to 3.2 to 3.5.

At present, mainstream currencies have limited space to move up and down. They are consolidating strongly and copycats are coming. This is a sign of a bull market. I think it can no longer be understood as a rebound from the last decline, let alone that the current price range is a deep-water area where long and short forces are forced. , all make sense. The battle is capital, strength, and patience. If you hold this view, based on the current market activity, I would prefer to run in a large range like the previous high. The probability of short-term shock breakthrough is very high. After it goes up, it may be difficult to break through the 69,000 position. During the period, the counterfeit companies may run wild during the period of consolidation. If this situation occurs, if BTC reaches a new high, it may be in the range of 150,000 to 200,000. The current transaction is still buy. Yes, short selling must be done quickly. It is also possible to control the position with short positions in the middle line. Long orders in the middle line are not suitable. Roll in and out to avoid being trapped in high positions.