In the past two days, I found that the anxious August ended and entered September, but the market became more anxious.
I summarized several reasons for market anxiety and pessimism in September. I will share my views on these issues one by one.
The high and low points of the monthly line have been moving downward in the past six months, and the closing price in August was below 6w.
The bull market is long, and no one will argue about this.
There are long traps in the bear market and short traps in the bull market. This is inevitable in the bull-bear law.
In the current market, Bitcoin has fluctuated for 6 months, and every rebound has not broken the previous high, and every decline has broken the previous low.
If you only look at the past six months, you really think the trend is not good, and you will worry that there will be a big drop in the future.
This is the short trap of the main force in the bull market.
To make an investment, you can only make a good deal if you first judge the trend clearly and know what stage you are in.
For us, through the analysis of Qianlong tactics, we know clearly that we are in a bull market. The price of USD 15,487 has risen to more than 70,000, breaking the historical high. If it is not a bull market, what is it?
Isn't it just a callback from more than 70,000 to 50,000, a fluctuation of dozens of points, which is very normal in the currency circle.
After we judge the trend, it is very simple. The callback in the bull market is to lure the shorts, and the purpose is to make retail investors afraid of a big drop.
The current pattern is also very consistent with a pattern in the bull market: a slightly downward sloping parallel channel.
If you have not studied systematically, you will be afraid of a big drop next when you see the current high and low points are decreasing.
But after I studied, I knew that the appearance of this pattern in the bull market is to lure the shorts. When the lure is completed, a big positive line will break through the previous high.
Those who do short-term trading feel very happy recently. When they sell, the price drops, and when they sell, the price pulls back. They think they have avoided the pullback and have done a perfect swing. They are still immersed in the fantasy of a big drop.
When this pattern takes effect, they watch the market rise without any signs, and then they realize that they have lost a lot for a small gain.
