Technical analysis by sxaix1 about Symbol BTC: Buy recommendation (5/14/2024)

Yesterday I said that if the Bitcoin price cannot break through 63450, it will fall back. However, today the fallback is larger, with the lowest point reaching around 61450. The price currently encounters downward resistance above 61450. If the price breaks above 61850 again, the upward trend will continue. If the price falls below 60800, then the uptrend will reverse. However, judging from the recent trend, the price has been running above 61,000 and has never seen a strong decline, so it is safer to be long at the moment. Trading strategy: You can buy in the 61450-61850 range, with a target of 62600 and a stop loss of 61200. The above suggestions are for reference only. I will issue specific instructions in the guidance group in real time.Comment: The current price fluctuates between 61150-62050, with no clear breakthrough direction. If the price breaks through 62050 upwards, the rise will continue. Currently, there is a large resistance between the price of 61150 and 61400. When the price falls to this range, the rebound will be fierce. Currently, the long position is accumulating strength. I think the price will still rise with a high probability.Comment: Yesterday I said that if the price falls back to the 61150-61400 range, it will rebound and rise. The price has exceeded 62050 today. If it does not fall below 62050, the price will continue to rise. Under my guidance, people who bought at the bottom made profits again I will update the market guidance in real time in the guidance groupComment: The price trend is consistent with my prediction. After breaking through 62050, the correction continues to rise. At present, pay attention to the resistance in the 62800-63000 range above. If you hold long orders, you can close some positions first.Comment: The U.S. dollar index fell just after the release of U.S. inflation data, and gold and Bitcoin surged instantly. Bitcoin has just broken through the resistance near 63450. It is still bullish next. If it falls back to the resistance below, you can buy it . Pay attention to the resistance range of 62700-63000 below. If the price falls back to this range, you can buy with the target of 63800.Comment: The above strategies are for reference only. I will update the market analysis in the guidance group at any time.Comment: Bitcoin currently encounters resistance near 64700 and may fall back to around 63000-63400Comment: Bitcoin's rise today exceeded expectations, but it is not recommended to buy at high prices. The price will definitely fall back, and then the best buying opportunity will be. As I said, focus on the resistance range of 63000-63400Comment: Bitcoin has a large resistance near 65,000. Radicals can sell with a target of 63,800-64,000.