It is well known that the current currency circle is changing with the intervention of institutions. We only need to change our operations according to the changes in trading volume in order to follow the so-called "whales" and profit from it.
I'm very happy that I was in the car during this wave of increase, haha. The daily chart's alligator line is showing an upward trend, and as expected, the overall trend is still bullish. I successfully gained nearly 7000 points in this mid-term wave. The only regret is that my position was too small o(╥﹏╥)o
This wave is clearly a high-volume distribution. The increase has come to an end, and we will soon see a downward adjustment. From the 4-hour chart and the hourly chart, we can see that a topping signal has appeared at the upper level, entering the overbought zone. Even the RSI is showing a trend of an imminent double death cross. Therefore, today, Lao Xiao still suggests not to enter long positions rashly, and recommends focusing on short positions.
The support below BTC is at 33750. Patiently observe whether this level can effectively hold!
For more analysis of various currencies, you can find Lao Xiao for real-time communication. Lao Xiao is a professional in contract and spot guidance for many years, and has a certain insight into market analysis. Tailored solutions can be provided for position control and fund management. If your operations are not ideal and you want to follow my operations, remember to find Lao Xiao to create brilliance together! Let's create a better day together! There is precedence in learning, and specialization in skills. My friend, I am very happy to have the opportunity to meet you!
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