The impact of tariffs, a quick drop after a wave of rebound.

CN
1 day ago

Let's take a look at today's market analysis. Since the market is relatively slow over the weekend, Bitcoin is currently at the end of this triangular convergence on the 4-hour chart.

A direction is about to emerge. This wave is influenced by tariffs, with a rebound followed by a rapid decline.

Trump, with his own strength, has turned the entire crypto market upside down. Next, Bitcoin will consolidate in this area, getting compressed to see whether it goes up or down. If it goes down, the thought process is quite clear, which revolves around 76,000. As long as 76,000 holds, we can still plan our positions again.

Previously, we suggested that the range for long positions is between 78,000 and 80,000.

Alternatively, if it is at the lower edge, around 80,000, we can buy and go long at this lower edge of the triangular convergence.

As for the upside, we still need to watch the area around 85,000 to 86,000, as well as the lower corner curve of the upper triangular convergence. So for now, let's focus on this. Only after a breakthrough can we continue to move upward.

For more strategies, follow our public account: KK Strategy

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