Bitcoin's Second Bottom Signals Upward Fluctuation: Market Analysis and Recommendations

#Bitcoin hits bottom for the second time, and continues to fluctuate upward!

1) The four-hour level, the lowest bottom is 62600, and the two lower shadow K lines show that the bulls below have good ability to bear the burden, and the possibility of continuing to fall to new lows is relatively small;

2) The short position can be relatively strong, but it has gradually declined;

3) Although the volume of bulls has not increased, the rebound strength and volume in the previous period are good;

4) ETF institutions had a net outflow of 93 million yesterday, and the net outflow of funds decreased.

For the current stage, there is not much room for maneuver, whether it is contracts or spot prices, especially those who are short Bitcoin, I personally recommend being cautious. The current market volatility is very dangerous if a sentiment rises.

In fact, what everyone should be concerned about is nothing more than the weekend stage, whether there are opportunities for copycats.

At present, according to the market data, the sentiment of Shanzhai is good. Although it has fallen, it has been brought down by Bitcoin. Funds frequently flow into the market. Although not many people participate in transactions, it also proves that they are optimistic about the market outlook.

Then all we have left is to wait, waiting for the correction to be in place or the rebound to break through and stabilize the safe zone. At present, I think it is more reliable to wait for the correction to be in place.

In terms of contracts, my personal advice is to take long positions at low prices rather than short positions. In terms of spot goods, we have given many orders before. You can choose your favorite order according to the situation, and then just wait for the needle to be picked up and loaded onto the train.

Just wait, family~!

标签：bitcoin