Due to the fact that the old Trump’s speech gave some moderately positive signals, yesterday Bitcoin sharply rose and broke through two major resistance levels, approaching today’s high of around 95000. Today’s situation also, as we expected, has again exceeded yesterday's candle high. At this level of 95000, it is no longer worth buying; here I believe there will be at least one more pullback at the 4H level.
If we were buying spot currencies near 75000, then those trading on a short distance can reduce their position. If spot currencies are intended for trading at the weekly level, then comrades should hold them confidently, holding the coins to achieve significant profit. I think the weekly uptrend has just begun, and this is only the beginning, while the major markets will come later. During the process of the weekly rise, it will also be accompanied by a pullback at the daily level, and the market is gradually moving out of the structure, rather than immediately. Therefore, do not chase the rise and do not kill the fall, we must act against human nature.
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Due to the fact that the old Trump’s speech gave some moderately positive signals, yesterday Bitcoin sharply rose and broke through two major resistance levels, approaching today’s high of around 95000. Today’s situation also, as we expected, has again exceeded yesterday's candle high. At this level of 95000, it is no longer worth buying; here I believe there will be at least one more pullback at the 4H level.
If we were buying spot currencies near 75000, then those trading on a short distance can reduce their position. If spot currencies are intended for trading at the weekly level, then comrades should hold them confidently, holding the coins to achieve significant profit.
I think the weekly uptrend has just begun, and this is only the beginning, while the major markets will come later. During the process of the weekly rise, it will also be accompanied by a pullback at the daily level, and the market is gradually moving out of the structure, rather than immediately. Therefore, do not chase the rise and do not kill the fall, we must act against human nature.