Bitcoin plunged again late at night! Is the current cryptocurrency market really unplayable?
Bitcoin caused trouble again after yesterday's CPI, while US stocks rose quite well.
Bitcoin's four-hour declines are similar in recent times, forming a range of fluctuations, and then breaking down, triggering a door-drawing market. Bitcoin's short-term key neckline support is 57,500. If it holds, it will be a 57,500-62,000 oscillation trend. If it falls below, it will be a four-hour or even daily decline door-drawing market.
August is still dominated by the monkey market, jumping up and down, long at support, short at pressure, don't chase the rise and fall
Trading is not like running takeout, you have to run one order to earn one order, and it is not that the harder you work, the more money you make. On the contrary, trading is better to be quiet than to move, and the more you toss, the faster you lose money.
The market is really difficult to operate. Bitcoin fluctuates, altcoins fall, and meme coins have fallen again and again.
This is especially true in the cryptocurrency circle. When the market is good, many coins will double or even increase five or ten times. On-chain opportunities are also very active. For example, at the beginning of this year, you should work hard at this time, and take a break when the market is bad. It's that simple.
