All friends in the cryptocurrency circle, please pay attention. I will explain again that Lao Deng’s articles only represent his own analysis and opinions. Don’t always come to the comment area to say something sarcastic. If you have any opinions, you can speak in the comment area. Lao Deng welcomes all kinds of different opinions.
Okay, let’s look at Figure 2, which is the data compiled by Lao Deng this morning. From the 24-hour data of BTC, the capital data can be said to be retreating. Why do you say that? We can see from the K-line chart on May 20 that BTC rose sharply due to good news, and Lao Deng was bullish at that time because of these news. Now after the sideways trading on the 21st, it can be seen that many capital crocodiles are waiting and watching. The data fluctuations can be said to be sideways, which has caused the main force of the single long position to retreat in an orderly manner. Lao Deng’s basis is that the capital side is not decreasing rapidly, but slowly, and only retail investors who are behind in the news want to go long and make up for their losses. What Lao Deng wants to say is that you should not treat the main force as a philanthropist. He will not lead most people to eat meat. When everyone is bullish, it is time for others to short, because the profits they harvest are always retail investors who are behind the news. Some people also asked me why ETH rose so much this time. Lao Deng wants to say that the data of ETH and BTC in the early stage were not equal. This time, he can be said to have made up for the index that is equal to BTC. Now the next index of BTC is in the range of 7077-71510. This range is the breakthrough and pressure level of BTC. What Lao Deng said is that if the index of BTC cannot rise above this pressure range today, there will be a downward trend. Once the downward trend is formed, it will also form a stampede mode, because everyone wants to eat meat and withdraw in front, and the one who runs slowly will be the last one to take over.
In addition, if you have any different opinions, you can post them in the comment area. Don’t post those weird remarks. Lao Deng will block them directly. The square is just a place to express opinions. Lao Deng’s arguments may not be correct. Just say it as a reference for everyone!
