The big cake has reached 85,000, are you still hesitating?

Today, at noon on April 15th, the big pancake was steadily settled at 85582 USDT.
Those who have been watching the market these days know it's skyrocketing like crazy.
Starting from April 9, it has been rising from 75,000 to 85,000.
Although there were some back and forth in the middle, the direction is very clear - moving upwards.

Those who previously said the bull market was just a dream should now be silent.
Honestly, this approach is just "the main force is making money".
If you don't follow, watch the people eat meat

Why is it so fierce all of a sudden?

On April 9, the trading volume exploded directly - over 5,000 Bitcoin were traded.
Almost 400 million dollars poured in, if this isn't firepower, then what is firepower?

Today seems to have calmed down a bit (it was only over 190 coins at around 11 o'clock)
But the more quiet it is, the more it makes people uneasy.
Because there is usually this sense of silence before a storm.

How to read the market? Can it go up?

In simple terms, a few points:

The 20 and 50 moving averages have golden crossed → Bulls are in the market.

RSI is only around 60 → not overheated yet

The MACD is still positive → Although slightly weak, the bulls are still alive.

ATR 波动收敛 → 要动的味道越来越明显

Simply put, in this posture right now, it hasn't been said that it's going to end.
Instead, it feels like just warming up, and there might still be some movement.

How is it on the contract side?

The open interest exceeded 2.49 million USDT → A bunch of people have thrown their chips up.

The funding rate is positive → Longs have to pay interest, while shorts get money for free.

Transactions are steady → Although it was crazy just a few days ago, the funds are still moving.

It means - it's still a bullish market now.

How to participate in this wave? Here are a few simple ways for you.

👉 Want to eat meat
Pull back to 84500～85000 to see the support reaction. If stable, you can touch a little.
Target 86000, 87000
Set stop loss below 84000

👉 Afraid of buying at a high position.
Let's talk after breaking 84000.
It really broke, might return around 83000.
Let's see the empty opportunity then.
But remember, the market is currently bullish. Don't be too aggressive.

👉 Don't forget risk control
Only use 1% to 2% of funds for testing, don't get overly excited.
The funding rate is too high (>0.0001), remember to collect it.
That indicates the market sentiment is overheated. Be careful of a reversal.

The following points to keep an eye on:

Support: 84500, 84000, 83000

Press: 86000, 87000

Breaking news: Regulation and ETF developments, don't let your guard down.

Technical Analysis: Be cautious if RSI exceeds 70 or MACD turns bearish.

In summary, just one sentence.
Currently, the bulls are in control of the pace. If you want to profit, you need to choose the right timing to enter.

#BTC cryptocurrency #bullmarket