Lao Hu Talks Finance: The market is about to turn, operate with caution.

CN
1 year ago

【BTC Market Analysis】

Yesterday, the market once again surged. This morning, the price of Bitcoin reached a new high and then fell back to 62300, which is a key support level at a smaller timeframe. If it falls below this level, it may indicate the start of another market correction, possibly down to 59000. Conversely, if the market continues to surge and breaks through the resistance at 64600, everyone should be cautious of the next target at 66600-67500. Therefore, today, strict stop-loss measures should be taken for both short and long positions.

Based on the conditions, today is a turning point, so everyone must be strict in their operations. At the same time, spot trading should pay attention to risk management and not be blindly optimistic. A major market correction is approaching, and the faster the market rises, the earlier the correction will come.

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