In the morning, a large positive candlestick basically offset the decline in the evening, and the overall trend is running as we expected. Currently, short-term traders are still in a range-bound vibration. The recent volatility is definitely huge, and one's emotions will definitely change with the fluctuation of the market. Some people may not be able to hold on and may exit midway. If you are not confident in the recent trend, you can seek guidance from me.
From a technical analysis perspective, currently, according to the Fibonacci retracement index, it is in a range-bound vibration. There is a range of two to three thousand points up and down, and there have been multiple attempts to test the upper resistance. I believe a breakthrough will come soon. Looking at the four-hour timeframe, as long as it breaks through the upper resistance, the opportunity for an upward breakthrough will be immediately available.
Currently, there is still a certain demand for intraday pullback. If you missed the opportunity before, you can wait and make a layout.
BTC operation suggestion: Buy near 55,800, heading north
Target: 60,000
Specific operations should be based on real-time market data. For more information, you can consult the author. The article is published with a delay, and it is recommended for reference only. Trade at your own risk.
In the market, there are many followers and few admirers. The easy path is downhill, and seemingly good market conditions are actually declining. Those without an umbrella walk next to those with an umbrella, but no matter how close they are, they cannot escape the rain and end up getting even wetter. It's better to be carefree. Excessive worries will only make the original trading situation worse. Don't let yourself become confused with doubts and fears. What needs to be done is to believe unconditionally and strictly execute decisions.
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