Today is March 19th, the BTC price is 64860;
Haven’t posted for several days
"Yin can't last three days, handsome can't last two yang." The pie still failed to connect to yang. It was suppressed by the 5-day line and continued to pull back today. Emotionally, I am a little pessimistic today. I wonder if the Qing Dynasty is over? Then I can tell you now The Qing Dynasty will never end. BTC is no longer as weak as it was before ETFs, an asset that can be dominated by a few forces. On the contrary, when its value is recognized by global funds, the market will take the initiative to correct it, and it will rise more. It will adjust and rebound after falling too much. So you use past experience to judge the trend of the market. There may be a fall out of the panic market, but there will not be a fall out of the horizon. Because this is a bull market!!
I believe more that due to the existence of the contract market, when the bullish sentiment is too greedy and the bubble expansion is far greater than the inflow of market funds, it will be corrected. This is a self-protection mechanism of the market. It is not a bad thing, but a necessary process for healthy and long-term development. To be simple, you can refer to the BTC funding rate as a callback indicator. Once a big pie appears and the funding rate is generated by going long, be prepared for hedging.
1. BTC's oversold rebound yesterday happened to be stuck near the 5-day moving average. Today it fell along the 5-day moving average. The market followed BTC and saw a general decline. If it breaks below the low again, there will be an oversold rebound. Pay special attention to contract positions, be wary of intraday punctures of the market, and clear out 10 times leverage.
2. I have observed most currencies. Although the adjustment has not ended, the probability of accelerating the downward trend here is low. The reasons are as follows: BTC’s 4-hour level had a rising platform support in early March, and the first sharp drop fell below the shadow line support. Near 61600, as time goes by, the 4-hour MA250 (58500) will gradually move up. The altcoin has quickly adjusted and has fallen back to its starting point. Therefore, there is a high probability that after oversold rebound, it will trade sideways for a few days. Wait for BTC to make up for its decline, and ETH The decline is smaller than that of BTC. If the copycats do not follow the decline, the spot will have better opportunities to make money.
3. Although some chips are lost when building a mid-term position, a good trading system should be a combination of spot and contract, short-term and mid-term. For those who already have positions, the remaining positions will have to wait for BTC to bottom out, and altcoin 7 After the daily moving average turns upward, add positions on the right side. Now you can select high-quality coins and observe the anti-fall coins. This is the stage to test the quality.
