The recent trend of BTC resembles a "gradual decline". From the MACD indicator perspective, the double line death cross firmly locks in the downward trend, and the possibility of a rebound seems to be locked away in a freezer; the BOLL upper band weakly falls back after a slight touch, and breakthroughs seem out of reach. Looking at trading volume, it is as weak as the fatigue after staying up late, and support appears thin and powerless.
In the short term, the demand for decline is strong, and this point may be a good opportunity for short positions. However, don't forget three things before entering: stop loss, stop loss, and stop loss. The market direction may be favorable, but risks still exist, and blindly following the market will only allow your account to first experience a "roller coaster".
Looking for direction in the market fog? Follow the expert, guiding you to make calm decisions between ups and downs, and profit from the market, rather than collide head-on with the trend!
