Jiang Wei Analysis: The big pie has pulled back, how should we respond next?

CN
8 hours ago

The trading journey is long! Just looking at the account oil!!!

Bitcoin made a corresponding pullback last night, with the price rebounding near 105800 and then falling back, hitting a low around 10600 before stopping the decline, down over 5000 points, and the pullback strength is still relatively healthy.

Currently, the price is consolidating around 102500 after probing the bottom. Considering the current market, the price is likely to undergo a second pullback, and the 100,000 mark will definitely be broken tonight. The daily chart shows three consecutive bearish candles, and the accompanying indicators are showing a decrease in volume and a turning signal, making the bearish outlook even clearer.

During the day, we can look to sell in batches around the 103300-103800 area, with a target of breaking 100700 and aiming for the 98500 position.

Follow the public account, for what can relieve worries, only Jiang Wei.

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