Yesterday's market performed a roller coaster, going up and down two or three times. I don't know if you got whipsawed out of positions. This kind of trend is a very obvious whipsaw action. The overall trend is still downward, and the previous reminders to look down have some space. I don't know if you have run away, but today there are no positions to look down on. You can layout a small C position to look up.
From a technical structure perspective, the current direction has not shown much continuation. Whenever it goes up, it comes down, basically all fakeouts. In the short term, there seems to be a meaning of stopping the decline and stabilizing. Support is around 107300. When there is space to go up, it's better to take profits; otherwise, it’s easy to give back gains.
Pancake operation suggestion: look up at 108200 Target: 110500#BTC
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Yesterday's market performed a roller coaster, going up and down two or three times. I don't know if you got whipsawed out of positions. This kind of trend is a very obvious whipsaw action. The overall trend is still downward, and the previous reminders to look down have some space. I don't know if you have run away, but today there are no positions to look down on. You can layout a small C position to look up.
From a technical structure perspective, the current direction has not shown much continuation. Whenever it goes up, it comes down, basically all fakeouts. In the short term, there seems to be a meaning of stopping the decline and stabilizing. Support is around 107300. When there is space to go up, it's better to take profits; otherwise, it’s easy to give back gains.
Pancake operation suggestion: look up at 108200
Target: 110500#BTC