【When the market fluctuates, traders can't help but panic. Yesterday, 1.3 billion CNY disappeared in a flash, and 66,365 people went bankrupt!】

2024.5.14 Morning BTC Market Analysis
The current market is still fast-paced, BTC is still capricious, but compared to the previous period, the intensity has weakened. The fluctuation range is only around $3000, which is weaker compared to the previous period's fluctuation of over $5000. Many altcoins have fallen back to the starting point of last year's rise. This is not good news for retail investors who are trapped. They can only continue to wait or cut their losses. But after cutting losses, what's next? Exit or continue to operate and continue to be trapped?
Actually, many times, it's not that there are no opportunities in the market for us to make money, but rather that we don't take profit when we are making money. At present, the market fundamentals do not support continuous upward movement, so it's a short-term gain and run scenario. However, you have the illusion that you must make 30 points, 50 points, or even 3 times, 5 times profit when buying a coin, but you can only hold on to this belief for 1 minute. This is definitely a mismatched requirement!

BTC attention
Support 61650/60800
Pressure temporarily set at 63650/64500
Intraday 62200-62400 is a watershed for ultra-short-term trading. You can pay attention to two strategies: breaking through the suppression and confirming the pullback (long wick candle recovery). Enjoy trading!
There is still momentum in the upper range of 63600-63800, and the strength and continuity can be judged by whether there is a breakthrough or not!
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