Will Bitcoin fall below 60,000 on April 19, 2024? Can I enter the market now?

Yesterday, the big cake closed with a negative line, resuming the downward trend in the shock zone, but from the overall point of view, it is still in the large shock zone. Although the downward trend was restored yesterday, the decline was not large, and the overall volume of this wave of falling airdrops is weakening. The support level of 60,000 has not been broken several times, indicating that the support below is still very strong. So from the current point of view, the possibility of falling below 60,000 is very small. If the market is to rise later, it is possible to break 60,000 first and knock out the stop loss of those long positions. This also depends entirely on the volume of long positions at this position.

If you are confused and have no direction in the currency circle airport chasing ups and downs, you have been losing money, and there is no latest news in the currency circle to grasp the current market sector heat. If you don’t want to miss the latest market, come to my small circle. Recently, some friends have been talking to me that they are trapped in high-level long orders and are quite panicked. In fact, I don’t recommend everyone to play contracts, so why are contracts dangerous? Because all the data is known to the exchanges. The price range of the liquidation is clear to these exchanges. For the pin market, the exchanges do not need to lose chips, but only need to smash the cards with data. Therefore, retail investors in contracts are equivalent to famous brands playing with exchanges. You can think about it. He knows all your cards, but you know nothing about them. How can you play with him? Therefore, the risk of contracts is very high. It is not a game that ordinary people can play. The essence of contracts is to win big with small. The current market sentiment is not optimistic. There are many reasons for most people to be bearish. Some say that the landing of ETFs is bad news, some say that Grayscale has shipped, and some say that Bitcoin will be halved in nearly three months, and it will fall sharply before the halving, etc. Then all kinds of news that can make the market fall will be brought up. I think this is completely the subjective thinking of those who are bearish. Looking at the historical market, it is basically not in line with the thinking of most people. It has brought an unexpected change to most retail investors. Then the market will not rise sharply because you have coins in your hands, nor will it fall sharply because you don’t have coins in your hands.

From the perspective of the market trend, Bitcoin is heavily supported at 60,000 and 38,000, which are both very important support levels. At present, the market's long and short forces are not strong. Whether it can effectively fall below 60,000 is unlikely from the current trend. As for whether it will fluctuate around 60,000 or around 38,000, it still needs more observation. If there is a direction, I will tell you in the small circle.

Then the market trend is fluctuating most of the time, and the time for the trend market is very short. The bull market rises for a while, then fluctuates and rises again. Fluctuations are very normal. Then the more times you watch the market every day, the greater the impact on the transaction. Most people go with the flow, so when most people have the same view on the market, you need to be cautious, because there are only 20% of people who make money. As long as you can think in the opposite way to most people, you may outperform most people. If you have no direction and no judgment on the trend, the small circle will tell you

Finally, I wish you all a fruitful harvest in the next bull market. Like and follow us. See you next time. #比特币减半 #Meme #Megadrop