On August 9, we talked about Bitcoin coming to the pressure level formed by the dense trading area above in the short term. Judging from the market trend at that time, it will enter a period of volatility.
The pullback in recent days is not strong. Even the opening price of the big positive line on August 8 has not fallen below, which shows that the bulls are stronger than the bears at the moment.
From the perspective of volume, the volume of the pullback shorts has not increased, which shows that the power of the bears is not strong.
The daily line did not stop falling, but the support below is strong, and the mining cost range has bottomed out.
As mentioned in the previous article, miners do not allow costs to linger. Bitcoin will fluctuate below $60,000 for a short time and will soon rise above $60,000.
The CPI on August 14 was lower than expected, which is a short-term positive, but the market is correcting. Recently, whether it is short-term or long-term positive, the market cannot rise, giving people a feeling of a bear market, but in fact, the bear market is not like this. During the bear market, the market will rise if there is a little bit of positive news, because the main force needs to trap people.
During the bull market, there are many positive factors, but the market does not rise. This situation requires us to be cautious. This is an atmosphere deliberately created by the main force with a purpose, so you must hold it at this time. Once you hand over the chips in your hand, let’s not talk about the problem of losing money by cutting losses. Let’s talk about when to enter in the future after cutting losses, and whether you dare to enter.
Many times, being trapped a little is actually calmer. Once you leave the market , it will be more difficult to enter the market later, because you always want to buy at the lowest price
There is a very strange phenomenon in the market. The more the market falls, the more retail investors dare not enter, because most people do not understand the market and do not know whether it has bottomed out
On the contrary, after the market rises, they have the courage to chase high prices. When it falls, they are afraid of continuing to fall, and when it rises, they think it will continue to rise. Therefore, the better the currency rises, the more people buy it. If there is a slight correction, these people will lose money, and then start to sell. After several operations, the principal will become less and less
If you want to gain something by trading in the currency circle, you must lay out at the bottom and enter the market at the same time when the main force collects chips, and dance with the dealer
The biggest risk in the bull market is missing out. It is better to be trapped for a short time than to miss out. Once you miss out, there are not many people who have the courage to enter the market later. #美联储何时降息？ #DEFİ #美国CPI数据连续第4个月回落
