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Strong segment, continue to buy on the pullback

CN
文松归来
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2 years ago
AI summarizes in 5 seconds.

Trading should be approached with a calm mind. Gains and losses are not in contrast, but interdependent. There is gain within loss, and loss within gain. Only by steadfastly improving oneself can one achieve the things in their dreams. Otherwise, the results will not accompany the performance.

Yesterday's market gave a significant increase, with the currency price stretching from around 27,000 to the 30,700 area in the evening, providing an overall upward space of 3,700 points. However, it failed to stabilize above and subsequently experienced a pullback after reaching the 27,800 area. It is currently operating around the 28,400 area. Of course, this is also influenced by the news, leading to a high and then a pullback in the market.

It has now returned to the normal technical structure. In the recent market, we have been maintaining a low long strategy and have gained a lot from it. With the continuous rise in the currency price, we will continue to maintain the low long strategy in our operations.

In the daily trend, a bottoming signal appeared after consecutive declines, and a short-term large positive candlestick pattern formed. The overall trend structure is clearly upward, with short-term high and low movements. The current market is in a corrective phase, and the low points are continuously rising. Therefore, there is still an expectation of continued upward movement after the market correction. The 4-hour trend shows a strong upward movement, with almost no sign of a pullback on the surface. The bulls continue to increase their volume, and the candlesticks show a continuous upward movement. The moving average indicators and Bollinger Bands are also showing upward trends. There is basically no opportunity for the bears to perform, so under this strong trend, we will continue to maintain the bullish strategy.

For future Bitcoin operations, it is suggested to go long around the 28,200-28,000 area on a pullback, with a target of around 29,000-29,500.

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Selected Articles by 文松归来

10 hours ago
On Saturday, November 4th, a key window for the top and bottom conversion. Will Bitcoin trend one-sided next week or return to fluctuation?
9 months ago
On Monday, July 14th, the bullish momentum weakened, beware of a major pullback.
9 months ago
On Friday, July 11th, at the end of the week, be cautious about chasing highs.
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