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Tong Ge 6.3BTC Strategy
$BTC Current price around 668-673, enter the position near the bottom, stop above 678, first target 66,000, second target 65,000
I mentioned yesterday that the market is starting to enter the profit-taking phase, and the impact of institutions reducing their positions is fermenting.
Now looking at the chart is very simple:
It's not that the decline is over, but that the downtrend has temporarily slowed.
Many people see the 1-hour MACD start to shrink and think about bottom fishing, but when viewed on the daily and 4-hour charts, the trend has not reversed at all.
Currently, all moving averages are still diverging downward, and the price is consistently pressed below the Bollinger middle band and moving averages.
This kind of movement has a characteristic: rebounds are opportunities, but the decline is the trend.