Bitcoin may expand in a larger range and adjust for a longer period of time. The changes in market consolidation often exceed our expectations. More than 50% of the time in the trend is consolidation, and the rise always happens quickly. The current market is showing convergence. There are two voices in the market. One is to see a new upward trend directly from the convergence upward breakthrough, and the other is to see a deep decline from the support downward break.
However, the market can only be followed but not predicted, and any deduction cannot be used as a trading execution plan. What we need to pay attention to here is whether there will be price behavior of failed breakthrough in the breakthrough of the convergence range. Therefore, we do not recommend chasing directly after the first breakthrough. Whether it is upward or downward, we need to wait for the occurrence of the second confirmation signal.
This round of adjustment lasted for nearly a month. In terms of time, if we want to move out of the equidistant rise, the adjustment time will be even longer, usually close to the length of the previous complete rising cycle.
If a new trend emerges directly after the convergence interval is broken, then it is already in the final stage of adjustment, which does not meet the requirements for the adjustment period of wide range fluctuations here, so beware of the failure of the breakthrough. I think a deeper wash will be a larger fluctuation range instead of a larger decline.
But for this year's bullish expectations, I still think it will break through 100,000. In fact, as the Bitcoin halving approaches in April, the currencies in the halving sector should still be paid attention to, especially BCH, which has already halved and has now broken through 700 US dollars. The Leverage Alliance has been paying attention.
The crypto market news you need to know in April may help you with your operations:
1. Bitcoin will be halved on the 24th.
2. BCH will be halved on the 8th (already halved)
3. BSV will be halved on the 12th.
4. APT- Major RWA announcement coming in April
5. TON starts staking
6. aevo hints at developing L2 funding
7. VANRY deploys RWA track
8. ATOM - Cosmos will release an announcement on April 2
9. April 4: Jup's first IDO project, Zeus Network, was publicly issued
10. FIL established the Filecoin Ecosystem Digest section to seek development in the field of AI DEPIN distributed computers.
11. The launch of DOGE contract has been postponed to April 29.
12. Coinbase plans to launch futures trading for DOGE, LTC and BCH on April 1.
Rises and falls, time and space, all have their own ways of calculation. For many copycats that have completed the daily decline, the daily line can no longer continue to look bad after several days of long shadows. This is similar to the beginning of February during the Spring Festival. The mid-term is nothing more than a matter of time. If you can't get on the train as soon as possible, you can buy in batches.
ETHFI
Binance's new coin has been quite popular recently, and there are signs of bottoming out at the hourly level.
Buying position: You can buy between 5.2-4.88
Covering: 4.4-3.9-3.6
Take profit: 6.4-7-7.8
Recently, many friends have asked me what they think about the recent market situation. Is the bull market over? Will there be another big drop in the future?
Regarding the market, there is actually no need for panic! I personally think that we have just entered the early stage of the bull market, so what is there to be afraid of at this time? Every decline in the bull market is a golden pit, which gives you the opportunity to get on the train again! So when the general trend is determined, every retracement is an opportunity for us to boldly get on the train, what is there to be afraid of?
In addition, many people have already filled their positions early. This is your own operating habit. If you are used to holding full positions in a bull market, then what are you entangled with? If you decide to hold full positions in a bull market and want to get all the gains from the rise, then you must accept and endure the profit-taking caused by the retracement and the result of not having chips to add positions. So if you hold full positions, just wait patiently for the arrival of the main rising wave, and don't sell at a loss frequently!
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
Create a high-quality circle, mainly to explain the basic industry knowledge of the currency circle, the recommendation of market potential coins and altcoins! The rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge. If you are interested, you can find me on the homepage.
