$BTC Daily interpretation and judgment of the market

Today, after the announcement of the interest rate hike in Japan, the market is on the rise, indicating that the negative news has been fully absorbed and funds are starting to buy at the bottom. Therefore, if the US stock market rises tonight, the cryptocurrency market will definitely see a big trend. It is predicted that Dogecoin, Shiba Inu, and other severely oversold coins will have a rebound.

However, due to my trading system, although I am optimistic about the subsequent market, these coins have all entered the overbought zone on the 1-hour chart, so I won't go long. (It is very likely to miss the main upward trend of the big market)

If readers are trading spot, Dogecoin in spot can be bought, as there isn't much space below this price point.