Bitcoin has closed its monthly line. Let's take a look at the monthly trend of Bitcoin:

The cross line closed in July shows that at this position, the competition between long and short is very fierce, the pressure from above is great, and the support from below is very strong. This position is brewing, but we must not ignore the power of background increase.

Therefore, the probability of a sharp drop at this position is very low. There are still many people in the market who think that there will be black swan events or low-probability events, and a sharp drop will occur, and even see below 50,000 and below 40,000.

From the current market, there is no trace of such a possibility. After the consolidation is over, the probability of an upward breakthrough is much greater than a decline.

This wave of bull market is very different from the past. The main trading methods are becoming more and more professional, and retail investors have found it very difficult to adapt.

The currency circle has also passed the stage of grassroots barbaric growth, and is slowly tending towards value return and value investment.

And this requires us to be more professional in order to survive and live well in this field for a long time.

You may think that the market is not easy to do now, and it is very difficult, but it will only get harder in the future. This is a sign of market maturity, a good thing, and a trend.