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Cryptocurrency News Video

Bitcoin/eth market analysis. will there be a correction? What do you do if there is a callback?

Aug 09, 2024 at 03:35 am 币圈王和李

We believe that the previous wave of Bitcoin's rebound broke through 60600 and the trend was reversed. This wave is also the same with the highest rebound of 62745. The morning rebound tested the 60600 support. The rebound touched below 0.618 and was under pressure. This wave of rebound is also an effective rebound. Just like the previous wave, if it is a washout of retail investors, there will not be a sharp drop. It will continue to rise, allowing everyone to chase the rise. There will be another wave of decline, and if it continues to break upward, no one will be able to get on the train. The weekly line retracts the BOLL lower track. This week's close line has a long lower shadow line again. KDJ crosses OBV and steps back to the yellow line to pull up quickly. The daily line rebounds close to the BOLL middle track. At the same time, there will be pressure in the short term below the three moving averages, but in In this half-year rising flag-shaped shock, the moving average has little effect. It is recommended that you add positions if there is a chance of a pullback. Ether rebounded to around Fibonacci 0.382 and still did not recover below 2800, but it rebounded 600 points from the lowest point and increased by 29%. Whether it is clearing leverage or exploding contracts, the big drop before the bull market is over is the best opportunity to get on the bus. Even if you dare not take a heavy position and buy the bottom in batches, at least you are not short. The mentality will be completely different. The market will fluctuate irregularly, and Ether will fall. It rebounded after breaking the weekly triangle support. In the uncertain market, picking up low positions and adding positions is what the bull market should do.
Video source:Youtube

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