I took a day off on the weekend. Although I didn't operate any orders on Lao Deng's BTC, Lao Deng continued to pay attention to the trend of the K-line!
Let's first look at the trend of the K-line. On May 5, the K-line fluctuated between 62911-64644 throughout the day. The fundamentals were up and down fluctuations. Although there was a fluctuation of about 2,000 points in the middle, it was possible to do long and short operations, but without a certain trading foundation and a certain judgment of the market, it would definitely be difficult to open an order!
Let's look at the situation on the capital side. Lao Deng mentioned earlier that the psychological expectation high point was around 67,000, but the capital side was not very ideal. The capital data showed that the strong outflow of funds in the early stage was gradually weakening, and some large orders had even begun to prepare for short orders. Lao Deng also prepared to stop profit and went short. Just waiting for a signal of a short order📶!
Today's index is still upward, and it is not ruled out that the opportunity for a short order will start in the next second. If you like to watch Lao Deng's explanation, you can click to follow. Lao Deng will continue to explain the actual market analysis of BTC!
If you predict in your mind how the market will perform next, there is nothing wrong with that. But remember, don't trust your judgment completely until the market itself confirms your view.
