Yesterday, BTC successfully regained its lost ground with a strong positive line, which also made the Air Force feel the pleasure of a "liquidation"
This is the power of the trend background, and it is what we have always emphasized: before investing, you must know how to distinguish between bull and bear. The bull market is dominated by the multi-military forces, while the bear market is dominated by the air force.
Therefore, a correct investment thinking has been born: in the bull market, we only play spot, and in the bear market, we only sell short; this is in line with the trend of development, and can also be called: following the trend.
During a bull market, the impact of some news on the market will be weakened; what is worth paying attention to is some fundamental and financial news.
These two will accelerate the market rise during the bull market, especially the financial aspect, which is the most direct benefit. This year, everyone has also felt the market trend after the adoption of ETF.
Today, March 21st, the first quarter of 2024 is coming to an end. Looking at the overall trend, the bulls are relatively healthy.
This means that the market will continue to maintain an upward trend. Although there is a short-term correction, it is not enough to change the pace of the bull market.
What deserves attention recently is the daily trend of BTC, because the daily trend plays a connecting role.
Because of the K-line of a day, 12 hours during the day belong to Asia, and the other 12 hours belong to Europe and the United States.
This is also the most unique place in the currency circle. During the day, the market looks good, but when you wake up the next day, things have changed.
Therefore, when investing in the currency circle, you must look at the K-line closing at 8 a.m. when looking at the market. This is the best way to combine the two forces.
Finally, through technical analysis, you can analyze the current strength and weakness of the long and short market and make the most suitable position management for you.
Today I will also talk about the daily market trend of BTC, which can also give you some reference.
First, the daily line of BTC has clearly encountered the effective support position below: the rising trend line.
Second, a naked K reversal signal appears: a bullish engulfing pattern.
Third, the short positions gradually became stronger, but the market did not continue to fall. Instead, it was strongly counterattacked by the bulls yesterday, which shows that the bulls have an absolute advantage under 60,000 US dollars.
Fourth, after breaking through the historical high, the market did not continue to significantly break through the new high, indicating that the air force above 73,000 has an advantage.
Fifth, the market has been looking forward to a big drop, and the correction has come as expected. However, unlike the expectations of retail investors, a large number of people have already begun to take advantage of the situation.
Sixth, although the market has corrected, the prices of most currencies have not fallen below the key support. Even if retail investors get on the bus, their chips cannot be bought at the cabbage price.
Judging from the above six points, this wave of decline is basically in place. Although it may not break new highs immediately, this is a very positive signal.
The next volatile market is just to brew the direction.
The opportunity for real layout is just next. Friends who haven’t got on the bus should cherish the opportunity.
Before the blue clouds arrive, since midsummer
There is no consensus, the autumn wind will eventually fill the air
If you feel helpless, confused, and unclear about the direction of trading right now, you can consult me. I welcome everyone in the May small circle.#etf #sol $BTC
