Bitcoin's daily line is still in a healthy upward trend, and there is no obvious reversal signal at present.
The next direction is the pressure zone formed by the dense trading area of 66,000 to 71,000 US dollars.
In the articles of the first two days, it was said that in the bull market, consolidation is to accumulate power for better rise, and pressure is used to be broken.
The typical feature of the bull market is that the callback rebound is to break through the pressure zone, break the new high, the high and low points of the K line are constantly raised, and the price continues to break the previous high.
And those who don't understand the market trend want to wait for a further sharp drop during the callback, and dare not enter the market. In the later stage, there is no choice but to buy high-priced chips.
When you can't help but enter the market for fear of missing out, there is a rapid callback, and you can't analyze and judge whether the trend has reversed through the clues of the market.
So you are afraid that you will cut your losses and leave the market. After two operations like this, let alone whether you can make money in the bull market, it is a problem whether you can get your money back.
I'm just talking about spot, and contracts are even worse. What often happens is that the price is still the same price, but the position is gone.
The test of the bull market is far more than we imagined, and the bull market is the devil of retail investors.
The main force is particularly good at taking advantage of human weaknesses to complete the harvest. If you can't see the essence through the phenomenon, you don't have the correct cognition, correct investment thinking and concepts, the ability to read the market, effective strategies, appropriate risk control, etc.
For most people, the bull market is just a process, and the result is not much better. This is the real currency circle.
