Recently, I have observed an interesting phenomenon. In the first few hours after the US stock market opens each week, BTC almost always experiences a fall, which has little to do with the rise and fall of the US stocks themselves—clearly, this is institutions dumping Spot.



However, the situation has changed today. Two hours after the market opened, BTC has shown an unusually "calm" performance, even breaking through the daily MA20. This signal cannot be ignored.

In terms of short-term trends, it is highly likely that we will enter a fluctuating rise before the end of the month. The operating suggestion is very simple: buy in batches at low points, and definitely do not chase highs. It is important to understand that this is just a rebound, and we are far from the point of reversal.

The risk defense line is set at 88000. Once it falls below this level, you must decisively cut losses. Do not have a mentality of luck.
BTC-0.46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)