How is the prediction of the Bitcoin market inducing longs? The contract liquidation data in the figure below shows that it is very successful! By pulling up, long orders are lured into the market, and then 137 million US dollars are harvested in a concentrated manner! You thought spring was coming, but unexpectedly, the winter wind blew!

Friends who have followed me for a while have more or less understood the difference between trend trading and technical indicator trading? Just like a master fighting, a real master will never care whether the moves are in place or not, but care about the purpose of making a move!

Trend trading focuses on the essential logic behind the transaction, and enters the market through the appropriate point layout to achieve the purpose of exiting. Technical indicator trading predicts the future market through the facts that have already happened, and the market is ever-changing, so the technical indicator may be correct with a high probability, as long as there is a small probability that it is wrong, you can lose the previous interest or even the principal! You can be allowed to win ten times and win ten months, but as long as you lose once or twice or lose a month, the final result may be playing with you or even losing money and liquidating the account, playing alone!

In the previous article, I made it very clear why it is a long market inducing. Now let's see that the liquidation range is still in the range of 62000-64000, which is the liquidation range for long orders! It means that the long army is very aggressive, and the technical indicators are indeed rising in a certain period of time. But if you see my analysis, at least you don't follow the long like leeks, this is trend analysis, trading is not for the ups and downs of the process, only for the final result!

Selling on highs is the trading strategy I have always recommended at this stage. You can enter the market with a light position at around 65000. This time it reached 64500. Now it has made a profit. Waiting without entering the market is the best trading strategy! You must be self-disciplined enough and form a trading habit, so that you can really live a lifetime by trading!