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Due to some moderate positive news released by Old Trump during his speech, Bitcoin soared yesterday, directly breaking through two major resistance levels, reaching today's high near 95000. Today's market has once again surpassed yesterday's K-line high as we expected. The 95000 level is no longer suitable for chasing long positions; I believe there will be at least a 4-hour level pullback here.
If we are trading the spot currency that we bought near 75000 for short-term fluctuations, we can appropriately reduce our positions. However, if the spot currency is prepared for a weekly level trade, then friends should hold firmly and stay strong; holding onto the currency is the only way to achieve significant profit potential.
I believe the upward trend on the weekly chart has just begun, and this is only the start. There will be significant movements ahead. During the upward movement on the weekly chart, there will also be pullbacks at the daily level. Market trends gradually emerge from structures; they do not happen overnight. Therefore, do not chase after rising prices or sell at a loss; we need to operate against human nature.
When others had little confidence, we bravely bottomed out contracts and spot trading near 75000, and the spot profits we have today are what we deserve. Congratulations to those who positioned themselves in the spot market during this wave, you have also made a great profit!!!
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The WCTC S7 contract competition has started, come and join the Hongyi team to share a prize pool of 5 million U and many peripheral gifts.
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