$BTC
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Today's work summary
7.5 Daily Report
Yesterday's lowest point was around 56700, which was only a few hundred points away from the bottom of the Bollinger Band of the weekly line at around 56000. It's okay to say that it has already encountered this situation. But what makes the bulls sad is that, on the one hand, the first daily level center of this round of daily level drop has not yet been established, which means that the bulls have never had a decent resistance, and on the other hand, the last time it fell to this point, the trading volume was not much more than this time, which means that the air force still has the motivation to continue to smash the market.
Recently, people often ask me that it has fallen so much, and if it falls again, it will turn into a bear market. The bulls have already exploded, and the bears will explode next. Some people have drawn a line at this position in the past, saying that this is very similar to a stage in a few years. I reply to my point of view in a unified way, and we must look at the problem from a dynamic perspective. No matter which viewpoint is right or wrong, we are an executor rather than an observer when trading. Standing on the shore, we cannot learn to swim. Knowing what to do when the waves are big is the core issue in trading.
Today, I still maintain the short position strategy. I was ready for a bullish rebound a week ago, but it was not used. The utilization rate of funds is very low, and I have to wait.
*
Today's work summary
7.5 Daily Report
Yesterday's lowest point was around 56700, which was only a few hundred points away from the bottom of the Bollinger Band of the weekly line at around 56000. It's okay to say that it has already encountered this situation. But what makes the bulls sad is that, on the one hand, the first daily level center of this round of daily level drop has not yet been established, which means that the bulls have never had a decent resistance, and on the other hand, the last time it fell to this point, the trading volume was not much more than this time, which means that the air force still has the motivation to continue to smash the market.
Recently, people often ask me that it has fallen so much, and if it falls again, it will turn into a bear market. The bulls have already exploded, and the bears will explode next. Some people have drawn a line at this position in the past, saying that this is very similar to a stage in a few years. I reply to my point of view in a unified way, and we must look at the problem from a dynamic perspective. No matter which viewpoint is right or wrong, we are an executor rather than an observer when trading. Standing on the shore, we cannot learn to swim. Knowing what to do when the waves are big is the core issue in trading.
Today, I still maintain the short position strategy. I was ready for a bullish rebound a week ago, but it was not used. The utilization rate of funds is very low, and I have to wait.
