BTC rose 5000 points in one day


Is it a rebound or a reversal?
Yesterday BTC was really up and down, first fell by 5,000 points, and then rose by 5,000 points, it is really a thought of hell, a thought of heaven, does such a strong rebound mean that the market has reversed? Does it mean that the decline is over? Is the reversal coming? At the moment, in my opinion, no, so why such a strong rebound?
First of all, I posted yesterday, I said that the rebound of 100300 points will be stronger than the position of 103000, 103000 rebounded by 3600 points, so 100300 is greater than 3600 points, so the position of 100300 rebounded by 5000 points on the first day, in fact, it is within my expected range, because what I see is the second pressure level of 105700, although it did not reach 105700 in the end, but it also reached around 105300, And my expectation is only 400 points, to be honest, the whole square should be the only one, after the first day of the fall, I saw more than 105000 bar, so why 100300 this position will be such a strong rebound, because once this position is broken, it represents a qualitative change in the market, breaking the 100,000 mark, it means to go to 95000, 92000 this position, the decline will be 20000 points, not to mention the strong support position of the lower Bollinger band, It is normal to rebound like this, so this position must create a sense of prosperity and prosperity, so that the bulls can see more hope, because in the hearts of too many people, as long as it does not break 100,000, the rise is not over, the more you think about it, the easier it is to set traps in this position, and the dog village has always played like this, and I think that in the 100300 position, if you want to break, you must ink at least a week, I personally believe that this position will be broken, the current general direction and market, is still mainly down, Don't be fooled by superficial imagination.
Warm reminder: Predictions only represent personal opinions and cannot be considered as trading advice. Predictions may have time discrepancies and directional errors. The above opinions are for reference only, and profits and losses are at your own risk.
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