[📈0502 BTC Market Analysis 📈]

After a long period of consolidation, BTC finally retested the initial low of 59,000 and has fallen with no signs of recovery
The daily chart needs to pay attention to whether the price action above 59,000 can be made today and tomorrow, if it does not appear and the weekly line finally closes below 59,000, then the follow-up trend is not optimistic, and it is likely to test the previous consolidation level of 51,000 again

The current operation strategy is to observe whether there can be a strong price action at the 1-hour level to retrace above 59,000, if there is a retracement is a good time to go long; but if it is retraced and then broken down, it becomes a sign of decline
At present, do not make such a prediction, this round of Bull Market is not the same as the previous trend, even if it is fall, in addition to the USDT issuance continues to rise, and this fall is obviously not serious bleeding for the long alts, generally speaking Bitcoin if you smash like this, altcoin will lose more serious blood, but such a trend did not appear

For the time being, it is still patient, and in the short term, it is necessary to wait for a strong signal to retract more than 59,000 before entering, and it is no problem to stock up on some spot direct spot prices, which is also the previous emphasis on keeping at least 20-30% of the cash on 😌 hand at any time

#行情分析 #BTC #比特币
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