Technical analysis by sngyuchao about Symbol BTC: Buy recommendation (6/20/2022)

In my last post on bitcoin, I called for a neutral standing and advised to wait before action. Over the weekends, when Bitcoin fell below 20k, hit a Fibonacci level, and then rebound, it was actually a buying opportunity (I was too tired to post anything). But now is still a good opportunity to buy because we have additional confidence that the price will hold and that after 1 day, we actually have a green body candle. Long and place your stop below the recent low.