Bitcoin's Rebound and the Next Move

Attention all friends in the currency circle ️ There is no need to guess the next market. Brother Wu has come with the standard answer. If you are confused about the current market and don’t know whether to go long or short after the big rebound, then this article will give you Get the answer you want‼ ️

This wave of BTC's sharp drop from the top reached 13,000 points. Many long contracts were liquidated in this wave of sharp decline. After the first bottom broke through 7W, Brother Wu also issued an article saying that after the rebound touched the butt of 7W, it would drop again. Kill, friends who are lucky enough to see it will probably choose to go short️

But many people don’t believe it when they read the article, and they don’t realize it until they lose money. Because the market changes very quickly, from a big drop to a big rise, it takes less than a week. Basically, those who follow this time are those who have eaten a lot‼ ️

The real bottom before this rebound was after the downward trend line in the chart below was broken. What really drove this big rebound was the Federal Reserve's interest rate meeting last night, which released expectations for future interest rate cuts.

Here comes the key point. After the sharp rebound, the pressure level near 68633 above is very large, so the ascending triangle formed by this rebound is about to choose a direction. The bulls have been grinding here for a day and have yet to break through. After grinding here for a few more hours, they will be careful to adjust downwards. So bulls at this moment should be careful and pay attention️#BTC $BTC

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