$BTC

Where is the high point of BTC likely to reach in this bull market?

In the last round of rise, Bitcoin reached a high near 73895. This round of rise can first see 70,000 to 80,000, but the prerequisite must be a steady interest rate cut, a soft landing of the economy, and no black swan factors such as the risk of geopolitical war. There is a chance to achieve it.

Mainstream currencies have a characteristic. When the bear market falls, when people sell in panic, its currency price is stronger than that of altcoins. At this time, the altcoins have fallen by 90~99%. The point is that when the bull market returns, they can almost rise back to their original values. The position has even hit a new high, and many altcoins may peak at the opening, with wave characteristics, and the glorious record will no longer exist. This is why most traders focus on Bitcoin and occasionally chase altcoin hot spots. ​

How to find a more accurate point?

Generally, I will open a larger time level first, such as four hours and one day, and draw the important support and resistance first (usually the tip of the pin and the solid bar), so that I can have a rough understanding of the market trend K-line, because usually at these key points Position, there will be important reversals, which are trading opportunities.

Then use the 15-minute K-line to find the entry position, and use it with trend lines or parallel channels to assist. This way the point position will be more accurate, because if you only use daily or weekly lines to open orders, the entry point error will be slightly larger. a little.

Pay attention to the yellow circle (the third point of the trend line) and the white arrow (the tip of the needle) on the chart. When the price of both appears at the same time, there will be a chance for a trend reversal. It is very suitable for swings and financial products with frequent cryptocurrency fluctuations. It's quite applicable.