We all know the importance of trends and opportunities. Whether it is entrepreneurship or trading, trends can bring about a leap in wealth. However, to discover trends, one must have the ability to introspect oneself, be able to see one's own shortcomings, and understand one's own boundaries. Fitness develops muscles, while thinking develops the brain.
Long-term fluctuations have made most people in the cryptocurrency circle numb, and it seems that they haven't seen a unilateral market for a long time. This time, some people are happy and some are worried. The contract is a carnival, and the spot is tortured. If you have a technical foundation, facing this kind of falling market, it is very good to open a contract to hedge the spot loss.
Last time we said that Bitcoin is going to fall here, because the big trend has not yet finished, and the previous counterattacks have not been effective. It is more inclined to absorb funds and deceive the long orders to harvest. Therefore, it is very important to see the trend clearly before trading.
At present, I can say that the price has not reached the bottom yet, and the current trend will continue to fall. Although the price has reached the 50% line of the golden section, the previous period of shock is too long, and there will definitely be a big breakthrough, which is likely to be this time. And when this position was tested for the first time, it quickly rebounded, and it is difficult to say that it can be defended if it is tested again.
In terms of operational strategies, you can short on the rebound or directly on the market price, with a stop loss above 29,000 and a take profit of 27,600. After the price falls to around 27,500, you can try to go long, with a stop loss below 27,000. For the take profit, the strength of the rebound can be considered. If it is strong enough, you can take the mid-term, and if it is relatively weak, you can run away with short-term profit.
I am a cryptocurrency enthusiast and also a professional single trader. I like to share my trading experience and market analysis! Friends who want to follow singles for a long time or get out of a trap can go to Weibo to pin a post to find the God of Strategy!
My sword will only be passed on to those who can wield it, and my strategy will only be effective for those who agree with it. Everyone has their own opinions, and everyone's position needs to be tested by the market. We are not competing with those who hold left-wing opinions, but making corrections in the direction of the market.
