How to operate the trend after Bitcoin falls
【Market review】
For BTC, as the 7000 integer mark was broken, the previous support has actually turned into a new resistance in the short-term market. After a sharp drop in the early morning, BTC will inevitably go out of a certain range driven by the adjustment of short-term oversold indicators. Whether this wave of potential rebound can push the price to stand above the 7000 integer again may become the key to whether the new accelerated downward trend can be finally confirmed in the short term.
【Market analysis】
BTC：【Market analysis】
ETH：Bitcoin’s indicators on the hourly and four-hour charts are currently oversold, and there is a possibility of a rebound at any time, and whether the upper suppression can be broken through will be the key. In the short term, the focus will be on the 7000-7100, which is converted from a strong support level to a strong suppression level , the lower part pays attention to the support level of 6800, and the defensive support depends on 6500-6650. Support, if it breaks down, the market will further bottom out.
The purpose of our trading is to pursue profit. This kind of desire will scratch in our hearts like ants, making us worry about gains and losses. After entering the market, we only need to keep an eye on the stop loss, as long as the price is below the stop loss point, we will always hold it. There is a saying in the market: let the profit take care of itself!
The opinions stated in this article are for reference only and do not constitute a basis for trading. The market is risky, and transactions need to be cautious!
