Good morning, noon and evening, everyone. Today is May 27, 2024. Bitcoin has been trading sideways over the weekend. This morning, the lowest price was 68,140. Now it has rebounded. Bitcoin's current trend looks very weak. How will Bitcoin go in the new week? Let's use the one-hour explosion chart data of Bitcoin OBTI to analyze it. After the upward wave just now, the number of people who opened short positions is still more than the number of people who opened long positions. When the market maker rises to 69,700, it will report all the large short positions. The air force volume is about 2.6M. When the market maker falls to 68,000, it will report all the large long positions. The maximum long position volume is 2.5M. In Ethereum Opti, there are more people who open long positions than short positions. As long as it falls back to 3,780, all the large long positions will be reported. The maximum long position volume is about 3M, and the air force can be ignored. In general, I think it is a consensus that Bitcoin should be bought when it falls back. The specific point is around 64,000, and more conservatively 64,700. If we follow this script, it will take time for the dealer to clean up the market, because there are not many people who open long positions. Therefore, the most likely way for the dog dealer is to first explode the long army and then the short army. This is just my personal opinion. You can refer to this idea.
