Are you panicking about the decline? Please cherish every opportunity for a pullback!! --BTC Market Analysis on March 16th (Kunpeng)

CN
1 year ago

The market experienced a 10% retracement yesterday, which was already warned on the 13th. This is the second warning of short-term phased risks in this market. Especially for futures, if such highs cannot be avoided, there will be a significant retracement. Now, after the decline and risk release, I am more optimistic about the market. Every subsequent decline will be an opportunity for you to buy in. As mentioned in yesterday's live broadcast, for mid-term positions, you must stick to your original intention at this level, and endure this retracement, as it is an essential part of holding mid-term positions. It is necessary to have flexible positions for short-term trading, to prevent the possibility of BTC returning to the 63,000 area after a weak consolidation. If there is an opportunity to reach this level in the future, you can boldly buy spot positions. The weekend market is expected to be mainly volatile. If there are any reversal signals, they will be announced in the group.

Disclaimer: The above content is purely personal opinion and is for reference only. It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If you have any questions, you can leave a comment in the VB section.

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