After last week's panic sell-off, the current rebound has gradually begun after the second test. It is possible that a bottom has been formed with support below, leading to a rebound upward. This bottom also served as support during the rebound in April of last year. Yesterday's daily candle closed bullish, and the bearish volume has already weakened. We are now waiting for an upward move.
Personally, I expect the market to fluctuate and consolidate around 82,000 before making a further breakout upward. Currently, the market is not as pessimistic as some online reports suggest; the trend over the next one or two weeks will definitely be a rebound. In terms of positioning, look for a small-scale bottom within the day to initiate long positions.
Bitcoin trading suggestion: Look for upward movement around 78,400 Target: 82,000#加密市场回调
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After last week's panic sell-off, the current rebound has gradually begun after the second test. It is possible that a bottom has been formed with support below, leading to a rebound upward. This bottom also served as support during the rebound in April of last year. Yesterday's daily candle closed bullish, and the bearish volume has already weakened. We are now waiting for an upward move.
Personally, I expect the market to fluctuate and consolidate around 82,000 before making a further breakout upward. Currently, the market is not as pessimistic as some online reports suggest; the trend over the next one or two weeks will definitely be a rebound. In terms of positioning, look for a small-scale bottom within the day to initiate long positions.
Bitcoin trading suggestion: Look for upward movement around 78,400
Target: 82,000#加密市场回调