Bitcoin made a false breakout, and although it fell back to the bottom of the consolidation range, it is very clear that in a major downtrend, when the price continuously fails to create new highs, yesterday's false breakout actually also showed a new high trend.
Simply put, it can be understood that although there was a pullback, it still reinforced the bulls' determination to rebound, so long positions at the bottom can still be arranged. The optimal stop-loss level is just below: 86,300. If it breaks below this level, do not easily go long again. The trend may change~
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Bitcoin made a false breakout, and although it fell back to the bottom of the consolidation range, it is very clear that in a major downtrend, when the price continuously fails to create new highs, yesterday's false breakout actually also showed a new high trend.
Simply put, it can be understood that although there was a pullback, it still reinforced the bulls' determination to rebound, so long positions at the bottom can still be arranged.
The optimal stop-loss level is just below: 86,300. If it breaks below this level, do not easily go long again. The trend may change~