If Bitcoin plummets to 58,000 one day soon, can your position withstand it? According to the current market trend analysis, the current volatility accompanied by the pin market is really a double kill of long and short positions!

I wonder if short-term traders are doing well? Experts who understand technical indicators can also leave me a message for analysis. How can you make a profit through technical indicators in a market with no rules and accompanied by pin markets?

Almost all indicators have failed in recent times, which means that most people who trade based on technical indicators are playing alone, or even bursting their positions! However, for those who do trend trading or for those who do medium and long-term trading, it will hardly be greatly affected, just whether there is an entry point and whether the optimal strategy is used.

Take some time to look at the market when you are free every day, and then investigate the relevant information of the industry to find a suitable entry point. If it is not reached, do not pay attention to it or entrust it to enter the market for the time being. Once you enter the market, find a suitable exit point and exit with profit, and don’t care about the rise and fall in a short period of time. In particular, the pin market is a favorable condition for entrusting entry, which allows you to choose a price that is difficult to enter the market.

At present, Bitcoin is in a similar irregular oscillation market, with an oscillation range of 61000-63000, of course accompanied by pins near the range. Through the way of washing the market, the dealer can achieve two goals. The first is to kill both long and short positions. The second is to understand the expected direction of retail investors by staying in the price range that is neither up nor down. The dealer certainly wants the retail investors in the market to be full of faith and do more. After all, shorting is more direct and efficient for them to harvest!

There will be events that affect the market at every stage of the currency circle, just the size. Because the volume is not as large as other financial markets, the volatility is relatively large, and the possibility of being manipulated by the dealer is also relatively strong, so we should use the most stable way to trade, follow the trend, and trend trading is undoubtedly the best way to trade in the currency circle.