3.20 When will Bitcoin end? Have the bookmakers started to enter the market? When do you get on the bus?
Bitcoin continued to fall from yesterday afternoon to evening, and seemed to have no intention of stopping the decline. Then there was a small rebound in the evening, but then it continued to fall, falling below 63,000, the support level we were mainly concerned about yesterday, and the lowest fell to around 61,500.
The price is still below 63,000. As shown in the figure, the current price has entered the previous shock range. The lowest point of this shock range has reached around 63,000, so when we regard this shock range as the bottom range , then the price may still drop to an integer close to 60,000.
Yesterday, when we analyzed, we mainly analyzed the support position of this round of price decline, but I still remind everyone that sideways fluctuations are still needed to verify the effectiveness of the support. At present, I still have the same view.
Because this is considered a mid- to long-term downward trend, the reversal should not be so fast. If there is a plunge in the market, it will be like the rapid plunge every time the price breaks through the upper resistance. It falls instantly and rises back up instantly. In this way, the price also has a chance to be supported.
But everyone has also seen the current situation. Now the price stops for a while wherever it falls, and then continues to fall, and the rebound is very weak. This shows that the power of buying is also very weak.
Everyone wants to follow the dealer's operation, but in fact, the actual operations are to predict the dealer's operation, which of course means the winning rate is very low. Then some people may say that waiting for an obvious rebound before entering will make less profit, but in fact In most cases, retail investors play the role of accompanying people. Being able to drink some soup is very rich for an individual.
Then some people may say that there are many cases where retail investors can reverse the situation, but in fact, looking at the financial market, such examples are still very few. Because in most cases it is difficult for retail investors to unite.
Then returning to the current situation, we just need to observe when the price starts to rebound strongly, that is, we need to observe whether the price can break through the resistance above. It would be a very good situation if the price can stand above 63,000 today, and then it fails to break below, which would be very good!
