65,000 USD has become a very solid support position for Bitcoin, which also shows that
The main force really doesn't want the market to fall, at least in the short term.
It has fallen by $65,000 three times in a row. The bears are getting weaker and weaker, and the decline is also getting weaker.
The focus now is to pay attention to the long volume and K-line pattern. Once the reversal occurs, the longs may start a wave of upward trend.
Of course, at this stage, it is still a good idea to pay attention to some valuable cottages, because Bitcoin is going to rise again in stages, which is a good opportunity for cottages to grow in the cracks.
If you want to break out of the ground, there are not many opportunities for copycats.
Therefore, this year, it is a big challenge for those who are planning to invest in altcoins. They must not only pay attention to the trend of BTC, but also keep in mind the altcoins.
Especially for the newcomers who have just entered the market, they basically don’t understand the trend of BTC, and they all blindly buy the bottom of the altcoins, so that when BTC falls back, the altcoins shrink significantly.
Here is a suggestion for newcomers: BTC is the currency with the longest trend in the cryptocurrency circle. Whether you are playing by yourself or following a certain institution, the first thing to do if you want to make money is to be able to clearly identify the bull and bear cycles of BTC.
And it is well-reasoned and can be copied. I suggest you stay away from those who simply tell you a certain point or a single technical pattern to judge the bull and bear cycle.
Judging from the daily trend of Bitcoin: the current market has stopped falling and entered a volatile market
Yesterday, a negative line was closed, but this K line has its own particularity in naked K
First, let’s look at this K-line: the real body is not big, the lower shadow is very long, and the upper shadow is very short. Compared with the big Yinxian on April 2, it is obviously much smaller, indicating that the shorts have been exhausted.
Secondly, look at the position where it fell yesterday, it just fell to around 65800, and a 4-hour big positive line was pulled up directly
This is enough to prove that the views I shared with you in early April were correct
If Bitcoin does not break through $65,000, copycats will eventually emerge
Bitcoin (BTC) seems to be "hesitant", but it is actually ready to take off
Bitcoin falls to $66,000, opportunities and crises are just a matter of seconds
The market fluctuated between 60,000 and 73,000 in the early stage, and now it is between 65,000 and 70,000.
The range of fluctuations is shrinking, which also shows that the game between the long and short positions is becoming more intense, and the real direction will soon appear.
My view remains unchanged. The bull market is still going on, so the rise is in line with the trend.
As for the sectors that are optimistic, they remain unchanged, still mainly L2. Although the market is not optimistic, from an investment perspective, this sector has relatively low risks and clear returns.
Investing is about making money within your own cognitive scope, which can be long-term and stable
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