Bitcoin surged last night, leaving a regretful short position hit by 500 points. Fortunately, under the strong momentum, it chased up 1000 points to recover losses. The market is like this, especially when stimulated by news, it should be flexible to adapt to the market. Don't let sudden changes disrupt your rhythm; let reason guide your actions.



Currently, under the strong momentum of the market, the resistance stimulated by news has been broken one by one. However, during the previous downtrend adjustment, it was mentioned that 117500 had not been effectively broken, so it is not a reversal. Although it has touched this level now, it has not broken through. At this time, we can treat it as a short position around this area, waiting for a breakthrough or further adjustment.

Look for the area around 117000-117500, and watch the area around 116000-115000.
BTC-0.08%
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