Today’s Bitcoin Market: Reversal or Rebound?

Let me talk about the conclusion first. I don’t think the market has completely reversed. You can understand it by looking at the performance of altcoins.

Bitcoin correction: from 53,000 to 63,000, a significant increase.

Altcoin performance: Most altcoins are still oscillating around the daily mid-track, and only a few strong currencies have performed better. This shows that the retail investors in the market have not yet adjusted in place.

Main fund-raising and market judgment

 Main force’s fund-raising strategy: When the main force pulls back to 53,000, the main force can choose to consolidate below 60,000 for a period of time, and then raise the price to 64,500 or even 70,000 after sufficient fund-raising.

Current situation: The current consolidation effect is not enough, and the rise is too rapid, giving people the illusion of a "bull return", but it is actually a rebound market.

Today’s Bitcoin point analysis

Key points: 63500, 63800, 64500.

Observation indicators: When reaching the target point, see whether the hourly K line has a long upper shadow line. If so, there may be a major correction.

expected conclusion

64500 point: If it reaches 64500, this rebound will basically end. Next, we need to observe whether there will be a waterfall decline or a shock decline.

To put it simply, the current market is more like a rebound than a reversal, so be cautious in operations. If you still can't see the market trend clearly, it is recommended to follow me first, V--交-流+: wbe3_BTC. Learn the knowledge of the currency circle and lay a solid foundation to go further.