Brothers, it's another day without volatility. Brother Kun is so tired from watching the market 😂😂😂 Let's keep it short!
As for tonight, Brother Kun expects a downward fluctuation. The reason is that the rebound momentum was just too weak in the early morning, and the fluctuations in Bitcoin during the day were small, with frequent spikes on the chart. Suddenly, there would be a spike downwards only to rise again, which is a specific manifestation of the market's weakness.
For reference to resistance levels, we can consider placing it around 91500-92000. This area is near the high point after the US stock market opened last night and is also a densely traded area where both bulls and bears have been fighting fiercely recently!
As for the reference support level, we can place it around 89000-89500. The reason for this placement is also well explained: under the premise of insufficient liquidity, there is more back-and-forth spiking. The liquidity accumulated around 89000 is relatively sufficient, making the probability of stopping the decline quite high!
Regarding the middle position, watching more and acting less is definitely the right approach. After all, the entry position is not good, and holding is uncomfortable. It's better to be patient and wait for the right opportunity to enter! #加密市场观察 $BTC
