12.6 Mr. Hu's Friday morning BTC market analysis

This round of market exceeded expectations, with Depth Whipsaw for both long and short positions. The needle of the sky and earth plummeted from the high point of 104600 to the vicinity of 90200, plunging more than 14000 points. Yesterday's gains were lost and then rebounded more than 6000 points from the bottom, returning to the vicinity of yesterday's starting point. It is now stabilizing and oscillating around 96000.

From a technical perspective, if BTC fails to rebound above 100,000 during the day, the downward trend will intensify, and the monthly adjustment needs to be paid attention to; If it can return above 100,000, there is still a chance for a new high.

To bet on the Rebound, you can get on board near 98500, set stop loss at 97800, and take profit around 100,000; if the Rebound breaks 100,000 and continues to rise, then do not take profit for the time being, and take profit and exit if there is a sudden drop.