BTC has not closed a particularly strong trend on the daily line so far, and its view has not changed much as yesterday, first looking at the positions of 0.618 and 0.66 (about 66,200-66,300), which is almost the lower edge of the consolidation range ahead, and then the all-time high of ATH in 2021
In the short term, it is ideal to wait until it is close to 59,000 (the best case is to break down and retract), which will be a very good long position, 59,000 is just 20% of each pullback in this round of bull market, of course, it does not mean that it will end if it is adjusted by 20%, but it just happens that this position is also the position where there was a large number of chips changing hands last time In addition to the 20% retracement of bitcoin, the other thing is that it is very interesting to see a full moon low, so it is very likely to continue to slowly test to 59,000 If it goes up directly now, the position of ATH in 2021 may encounter resistance, and you can try to make a short short
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[📈0321 BTC Market Analysis 📈]
BTC has not closed a particularly strong trend on the daily line so far, and its view has not changed much as yesterday, first looking at the positions of 0.618 and 0.66 (about 66,200-66,300), which is almost the lower edge of the consolidation range ahead, and then the all-time high of ATH in 2021
In the short term, it is ideal to wait until it is close to 59,000 (the best case is to break down and retract), which will be a very good long position, 59,000 is just 20% of each pullback in this round of bull market, of course, it does not mean that it will end if it is adjusted by 20%, but it just happens that this position is also the position where there was a large number of chips changing hands last time
In addition to the 20% retracement of bitcoin, the other thing is that it is very interesting to see a full moon low, so it is very likely to continue to slowly test to 59,000
If it goes up directly now, the position of ATH in 2021 may encounter resistance, and you can try to make a short short
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