"When will the panic selling before Bitcoin's halving come to an end?
During this period, the market correction has stabilized, with smaller fluctuations entering a range-bound phase. Following a stabilization in the four-hour chart of Bitcoin, a bullish phase has begun, indicating strong support below and a higher probability of an upward trend than a downward one.
Similarly, Ethereum has entered a bottoming phase after stabilizing alongside Bitcoin. Looking at the market, Ethereum is also poised for an upward move, showing a bullish engulfing pattern on the second attempt in the four-hour chart, accompanied by significant volume. This suggests that Ethereum has likely bottomed out and is set to embark on a new uptrend.
Market candlesticks provide the most accurate reflection, allowing us to gauge the current sentiment of bulls versus bears. With bullish signals emerging, we can anticipate the next market trend.
Once you grasp the method and acquire professional skills, you can discern whether the bulls or bears are in control, predicting whether the market will continue to rise after bottoming out or experience a temporary rebound during a downtrend. However, without understanding these concepts, it's like being a headless fly, unable to make sense of the situation. Despite the market stabilizing and entering a range-bound phase, witnessing slight increases followed by declines can lead to unnecessary panic.
Market trends are dynamic and never linear. If you cannot determine whether the market has fully bottomed out and is set for an upward trend or if it's luring buyers during a consolidation phase, you may struggle to make informed decisions. In the era of the internet, where information is abundant and conflicting, it's crucial to possess the ability to discern valid insights. Fear-driven reactions due to misleading information can adversely impact investment decisions.
In financial markets, the Pareto Principle applies — a minority profit while the majority incur losses.
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