7.9 Bitcoin is in a high-level oscillation and consolidation, this stage is an opportunity for retail investors to double their investment.

CN
14 hours ago

Hello friends, long time no see. Recently, the market has been relatively narrow, compared to the previous large single-sided trends. Such movements are more suitable for short-term traders, with smaller fluctuations, so at least you don't have to worry about liquidation. There are opportunities for both long and short positions; as long as you catch each wave, the potential could be unimaginable. This is also why I haven't updated my thoughts with everyone, as I've been busy with live trading. Without further ado, let me briefly explain how today's market will unfold.

On the four-hour level, the Bollinger Bands are narrowing and parallel. Recently, the up and down movements have reduced, roughly oscillating around 109500-107400. Currently, the main trend is bullish, and we can look for buying opportunities on pullbacks. For this trend, we only need to focus on one side; otherwise, it’s easy to get swept back and forth.

Today's reference points are bearish near 109500 above and bullish near 107500 below, with a range of 1600 points up and down.

Follow the public account, "How to Relieve Worries, Only Jiang Wei."

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