Main force be the engine, retail investors be the gas, bullish?
Crypto market experienced an irritative night, next to the plunge in March. This is the current condition of crypto market, big range of the dump, big range of the pump.
Several days ago, i although told that the halving may lead a period of pump indeed, however, the speed and strength for last night is what i can't imagine, the first target of my own opinion is that trend will have a rest around 8250~8400 after breaking, but i underestimate the crazy mind of the retail investors. In fact, i still believe that the start of this pump is launched by the main force, maybe the initial rising to about 8200 is pushing by them, then this made the whole market participants believe that it's a true breaking and began to enter long, then push the price higher, higher make more investors in, so becomes a pumping cycle, the higher the price, the more investors enter, and the price is becoming higher.
So when to judge the selling performance of main force? Now , only to find hard or crucial resistance just like 8990, or even 9200, these points may be the selling point as the main force found that it's hard to break after pumping so much, they may choose to sell, and this is a pullback process. So the current level still should be careful as if can't break in next 6~8hours, and bullish volume is appearing a reduced signal, then it's time to pullback.
🚀BTC Trading signal: Pre-condition: has a pullback and stabilize on 8900~8950
long:
close 1: 9200
close 2: 9450
close 3: 9650
stop loss: 8700 Become member of OKEx and enjoy more services : okex.com/join?channelFlag=ACECO2501021
Several days ago, i although told that the halving may lead a period of pump indeed, however, the speed and strength for last night is what i can't imagine, the first target of my own opinion is that trend will have a rest around 8250~8400 after breaking, but i underestimate the crazy mind of the retail investors. In fact, i still believe that the start of this pump is launched by the main force, maybe the initial rising to about 8200 is pushing by them, then this made the whole market participants believe that it's a true breaking and began to enter long, then push the price higher, higher make more investors in, so becomes a pumping cycle, the higher the price, the more investors enter, and the price is becoming higher.
So when to judge the selling performance of main force? Now , only to find hard or crucial resistance just like 8990, or even 9200, these points may be the selling point as the main force found that it's hard to break after pumping so much, they may choose to sell, and this is a pullback process. So the current level still should be careful as if can't break in next 6~8hours, and bullish volume is appearing a reduced signal, then it's time to pullback.
🚀BTC Trading signal: Pre-condition: has a pullback and stabilize on 8900~8950
long:
close 1: 9200
close 2: 9450
close 3: 9650
stop loss: 8700 Become member of OKEx and enjoy more services : okex.com/join?channelFlag=ACECO2501021
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