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Record ✍'s own analysis: bears are strong.
On the 15-minute Bitcoin chart, the drop shows bulls have no power to resist. The 1-minute bounce is also weak, but it is firmly caught on the 4-hour chart.
However, the current 1-hour line is positioned below, a very clever arrangement. It intensifies bearish sentiment in the market, making longs want to jump in eagerly...
Today, long or short? Perhaps during the day, it will consolidate within the 4-hour range of 63,000–62,000, then make another upward move.
Since there has been a pullback, if it is not deep, the market will顺势 push higher until sentiment peaks. If the pullback is deep, we can look down to 59,500.
I lean toward the continuation of the uptrend 📈 for another one or two days, as I feel there is still a final upward thrust missing. But the market decides – follow wherever it goes.
There is only one vulnerability: zero leverage and low leverage. Small bets are for fun, big bets bring harm.
When there are many bulls in the market, the slaughter 🔪 will inevitably cut the bulls; when there are many bears, the slaughter knife will inevitably cut the bears. If neither bulls nor bears are strong enough to cover the transaction fees, then a new cycle will be created~
Now the bulls have been slaughtered once, but the bears are still strong, so the main force will continue to arrange a bullish trend next.
As always, the market asks you: what do you do?