$BTC The decision to take profits at 97 after a rise of over 90,000 is indeed a wise one. Unfortunately, I missed the chance during the decline on Monday, and my ETH position gave back a bit of profit. This decline is considered a healthy movement, and it is likely to rebound tonight.
In the first chart, the four-hour K-line price is currently around 92, receiving support from the EMA200. I believe it is challenging to go down in the short term. The current RSI value is 13, which is seriously oversold, and there is a risk of a price rebound at any time.
Referring to the previous wave of the rising market, the price rose to around 95, with support encountered near 90,000 when it pulled back. After two or three days of consolidation, it rose to 97. The connection between 90,000 and 92 suggests that the market is currently in an upward trend. If it cannot hold above 915-92, it can be concluded that the previous rise was a weak market.
In the second chart, the daily K-line price has pulled back to the EMA2125 with the rolling position strategy, coinciding with the four-hour K-line price. Choosing to go long at 92 is a good opportunity; if held for a few days, the next high point is expected to break the 100,000 mark.
