There is only one direction for investment, not long or short, but the right direction. I am the Coin Brother of the West, a friend willing to accompany you to rise again. The long road to recovery, the Coin Brother is with you.
Market Review:
On the 2nd, the current price of BTC long at 61500-61800 and the rebound short at 6330-63500 both successfully captured profit space. It is not a coincidence to profit from both long and short positions. Strength is the key. Congratulations to those who followed.
BTC: Market Analysis
Bitcoin's weekly chart shows a large bullish candle, breaking the market's bearish myth. After a divergence at the daily level, the price further surged. The KDJ indicators on the chart are all operating in the oversold zone, be cautious of the occurrence of large range washing at the daily level. The four-hour chart is about to achieve 6 consecutive gains. When the Bollinger Bands open up, pay attention to the resistance at the top of 64200. After the overall MACD volume on the four-hour chart, there may be a certain upward momentum. The fast and slow lines are likely to stick together and cross. Taking all factors into consideration, the four-hour chart tends to lean towards a long position after a pullback. On the hourly chart, the overall price is in a bullish trend, with support at the 62800-62500 range. In summary, it is suggested to go long on Bitcoin after a pullback.
BTC Operation Suggestions:
Long at 62500-62800 on pullback
The suggestion is for reference only. Make your own decisions.
Strength is not just talk, nor is it boasting profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no losing markets, only orders that cannot hold profits. When others are making profits and you are at a loss, you might as well chat with the Coin Brother of the West. The connection starts with reading, recognition starts with adding, trust starts with experience, and profits start with following. As long as you are willing, I will not disappoint!
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