Happy Saturday!
The U.S. stock market is closed, let's take a look at the likely path of Bitcoin recently!
Little Meow's long-term thinking has remained unchanged,
This week, Bitcoin had a small rebound, and it has now broken through 72,000.
So should we go long or short next?
Little Meow personally suggests that we can continue to short, why do I say that?
Let's take a look at this round of trends.
From a broad perspective, this bear market has not yet ended;
From a medium-term view, this trend's decline and rebound seem strong, but it's more of a false strength. Everyone can take a look at an article published on April 7, where the bottom is raised, which is a trap for the bulls, and there is a high probability it will continue to decline;
From a smaller perspective, the current pressure above is still around 74,000.
Now let's focus on a key area: 80,000—83,000, this is a densely trapped area + cost area.
There is a pattern in the bear market — it will not easily allow most people to break even, so once it approaches this range, the selling pressure will definitely be heavy.
Moreover, it is easy to follow a routine: first, a short squeeze to wash out those who shorted early, then turn around and smash down.
If it truly reaches around 80,000, it is actually a more comfortable short point, don’t be led by emotions to chase high prices.
Overall, it is suitable to go short!!!
#美国3月CPI大幅上升
The U.S. stock market is closed, let's take a look at the likely path of Bitcoin recently!
Little Meow's long-term thinking has remained unchanged,
This week, Bitcoin had a small rebound, and it has now broken through 72,000.
So should we go long or short next?
Little Meow personally suggests that we can continue to short, why do I say that?
Let's take a look at this round of trends.
From a broad perspective, this bear market has not yet ended;
From a medium-term view, this trend's decline and rebound seem strong, but it's more of a false strength. Everyone can take a look at an article published on April 7, where the bottom is raised, which is a trap for the bulls, and there is a high probability it will continue to decline;
From a smaller perspective, the current pressure above is still around 74,000.
Now let's focus on a key area: 80,000—83,000, this is a densely trapped area + cost area.
There is a pattern in the bear market — it will not easily allow most people to break even, so once it approaches this range, the selling pressure will definitely be heavy.
Moreover, it is easy to follow a routine: first, a short squeeze to wash out those who shorted early, then turn around and smash down.
If it truly reaches around 80,000, it is actually a more comfortable short point, don’t be led by emotions to chase high prices.
Overall, it is suitable to go short!!!
#美国3月CPI大幅上升