Hello everyone, good weekend. I am Xiaoyu and it is customary to talk about Bitcoin (BTC) every day
Hello everyone, good weekend. I am Xiaoyu and it is customary to talk about Bitcoin (BTC) every day.
Today, BTC prices closed above $34000, but have since fallen to 33899, where Xiaoyu wrote the article. Yesterday's highest point was around $34000. I know that recentlyMany counterfeit coinsThe sharp rise in Bitcoin has raised concerns among friends that the rise in Bitcoin may reverse and affect the following currencies. However, the fact that the King of Cryptocurrencies is holding onto the $33000 level suggests that Xiaoyu believes that a new rebound may be imminent.
Xiaoyu believes that the market dynamics over the weekend are relatively small.
What should I do?
Xiaoyu believes that today's main focus is on actions at the large cycle level. After a significant increase in currency prices, there may be a serious gap in low priced chips, which may lead to a weakening of market bearish sentiment. From the daily and cyclical price indices, the trend of large-scale cycles remains upward. The short-term new high of 35000 is only a preliminary test, and the true test point may be at 42000. The technical price upward trend needs to break through the previous 42000 decline chip, in order to start the future price trend.
Xiaoyu's suggestion: If the short-term price drops to 33580-33700, you can consider buying. Waiting for the price to break through the pressure level of 35700-36110, confirming the stability of the short-term market. If the price successfully rises, the high point in the 37400-37600 chip area above may open, and you can try to short at that time.
Little Fish Reminder:There is a delay in the review of article releases, and the strategy is for reference only. Investment always involves risks. Friends should make decisions based on their own risk tolerance and investment goals.
If you have any questions about the above content, you can directly ask Xiaoyu. As long as Xiaoyu knows about it, he will definitely speak up!
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