A few thoughts on the market at the beginning of the week

$BTC continued to fall in the early morning, a bottom test at 88700 has increased, now it has recovered to the 90700 area. Yesterday the market has gone through a bottom test and recovery, combined with what happened yesterday, in the short term, the market will operate with a wide fluctuation trend.

On the daily chart, the price continues to fluctuate at a high level, both the buyers and sellers do not have a big extension, BTC in the short term although there is an adjustment, the trend is still inclined to the upside. This trend is clearly a correction action after a high increase, the upward momentum in 4 hours has stopped, while the downward force is not too strong, it is difficult to form an effective one-way trend,

in the short term it will test the bottom and recover, in trading it will be buying first and selling later.

You can wait to sell from 92000-92500 to 89000-88000

Wishing you a lucky new week

#Write&Earn