The investment market always rewards those who are perceptive and proactive, allowing them to earn from the unsuspecting and latecomers. Foreseeing market trends allows for targeted actions, better control over future developments, and the ability to win in the market by keenly observing strategic operations and fundamental directions amid complex appearances. Take proactive positions, master turning points, confirm and follow up, act steadily, seize opportunities, strike hard, and win the market! Cash is king in investment, following the trend is paramount, pricing is crucial, and stop loss is sacred.
Yesterday, Bitcoin's market was in a fluctuating upward pattern. After the non-farm data in the evening, the price surged upwards, directly breaking through to the 72,200 level, but unfortunately, it did not continue and instead fell under pressure. If this decline does not break support and instead consolidates, the price may see a higher breakthrough during the day.
On the daily chart, prices continue to rise slowly. Yesterday, the K-line tested the mid-track without breaking. The pressure point still has resistance. A breakthrough in the short term requires consolidation and energy buildup before breaking out, making the evening trend particularly important‼️ It will determine the bullish or bearish movements. However, looking at the pre-market now, bulls dominate and we continue to see a bullish bounce during the day.
It is recommended to gradually look bullish around the 60,900-61,200 area, aiming for a target of 62,200, and looking at the band at the 63,700 position. These levels are for reference only.
Follow the public account, for the only solution to worry is Jiang Wei. A treasure analysis blogger who maximizes emotional value, freely sharing trading education, bringing stable strength and clear guidance in the turbulent trading market. With experience spanning three cycles of bull and bear markets and years of trading practice, proficient in naked K, trends, Dow Theory, Gann, harmonics, Chan theory, wave theory, etc., accumulating unique insights.
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