Bitcoin rebounds after bottoming out, encounters resistance at the previous high and pulls back.
Two expectations: 1. Temporary correction with continued upward push (Strategy: Re-enter strong coins at retracement levels to catch subsequent gains) 2. Strong selling pressure OR insufficient buying (Strategy: Continue to observe and wait for the previous low performance before making a decision)
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Early Market Scan Summary:
Bitcoin rebounds after bottoming out, encounters resistance at the previous high and pulls back.
Two expectations:
1. Temporary correction with continued upward push (Strategy: Re-enter strong coins at retracement levels to catch subsequent gains)
2. Strong selling pressure OR insufficient buying (Strategy: Continue to observe and wait for the previous low performance before making a decision)