Bitcoin daily chart is in a downward trend, and there is no obvious stop-loss signal at present.

Since it is a downward trend at present, we need to analyze its support position and the effectiveness of the support position from the market. When it encounters a strong support position, will it show a stop-loss reversal signal? This is the importance of understanding the market trend through trading technology.

The following figure is more obvious:

From the previous wave of callback to this wave of callback, we compare the two waves of downward trends. During the rise, the long volume can increase in volume, and during the fall, the short volume can decrease in volume.

And the speed is accelerating, indicating that the market rhythm will get faster and faster in the future.

With the halving of Bitcoin, the difficulty of Bitcoin mining has increased, and the cost of miners has increased significantly. The cost price of Bitcoin has become higher and higher. The cost price of many mining machines is close to 45,000~51,000 US dollars.

This wave of slow bull trend has a solid bottoming. , the rebound is just a positive line

And from the weekly and monthly lines, the bull market trend has not reversed

The current price has returned to the important support position, and the probability of a further sharp drop at this position is extremely low

Investing is very simple. If you can hold on, you will be outstanding, and if you can't hold on, you will be out

I have never rejected long, medium and short-term, contracts and leverage, but I just remind you of the risks. It mainly depends on what kind of trading level you are suitable for and what kind of money you have the ability to make

Just like short-term and contracts, if you have the ability to understand the market trend, effective strategies, a good mentality, correct risk control awareness, sufficient time, good energy, and can make profits eight out of ten times, then short-term and contracts are good and suitable for you

On the contrary, if you don’t have these conditions and abilities, you keep losing money, and you still have to do these things, then what else is it if not leeks?

In the financial market, you should always make money within your own ability and knowledge. It is the most practical and down-to-earth. Don't think about it. It is useless. Otherwise, you will always suffer losses from your hard-earned money.

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