BTC Short-term Market Analysis
The Federal Reserve's interest rate decisions have disrupted the original upward trend. However, it has once again pulled back up from a deep V shape, with the daily line closing with a lower shadow, showing strong support below. Therefore, after a significant drop, it is no longer advisable to short; my approach is to buy low.
Why buy low?
From a technical perspective, around 88,000 is a key support level and still a zone of high trading volume, which structurally represents effective support.
So I personally believe: if it can pull back to this level, following the trend to find opportunities to go long is currently a relatively high cost-performance ratio!
Market sentiment is fluctuating, but I can provide clear signals in the game. I hope my thoughts can inspire those of you who are feeling lost. If you agree with my viewpoint and want to follow along with the operations, scan the code below to join the chat room, and I will share specific points for free!
