BTC Simple Analysis

Is it necessary to short sell after the Mentougou compensation? #BTC走势预测

Some partners were very anxious when they saw this news and wanted to short sell.
But news is just news. The start of compensation does not mean that the market must be smashed and all sold, nor does it mean that the price will definitely plummet. If the buying is also strong, the price will not fall.

So the news will not become my trading decision.

When the market weakens, we can interpret it through the market. If the market is to be smashed, the volume must be larger and the market price will start to fall.
Do you want to short sell before he smashes the market? You want to eat shit, and you have made all the money.

Back to the market, when Bitcoin does not fall below this range, the 1H cycle is still in the bullish trend, and the bullish trend will not be shorted. What's more, trading within the range is difficult to do.

So the decision is that when the price goes out of a new low and breaks the previous high position, it can be judged that the temporary bullish trend is over, and you can consider looking down at the callback trend! $BTC