Bitcoin has closed its monthly line. Let's take a look at the monthly trend of Bitcoin:

Bitcoin's monthly line belongs to the bull market, and it is a volatile market in the bullish attack stage. The definition of bull and bear has been analyzed many times in previous articles, so I won't repeat it here.

From the breakthrough of the historical high to the present, if we only look at the technical analysis of the market, there have been two bearish signals, one is the candlestick bearish engulfing and the other is the dark cloud cover pattern, but the market has not reversed, which is worth thinking about.

The fundamental reason lies in the power of the trend and the background increase of the current bull market. In the bull market, the bullish indicators will be strengthened and the bearish indicators will be weakened.

The cross line closed this month shows that at this position, the long and short competition is very fierce, the upper pressure is large, and the lower support is very strong. This position is brewing, but we are thousands of Never ignore the power of background increase

Therefore, the probability of a sharp drop at this position is very low. There are still many people in the market who think that a black swan event or a low-probability event will occur, and a sharp drop will occur, and even below 50,000 and 40,000 will be seen

From the current market, there is no trace of such a possibility. After the consolidation is over, the probability of an upward breakthrough is much greater than a decline

The market trend can be ever-changing, but the logic and essence behind it have never changed

History will not repeat, but it is always surprisingly similar every time

This bull market is very different from the past. The main trading methods are becoming more and more professional, and retail investors have found it very difficult to adapt

The currency circle has also passed the stage of grassroots barbaric growth, and is slowly tending towards value return and value investment

We need to be more professional to gain a foothold in the field, follow the trend of market maturity, and not be afraid of challenges. Improve your cognition and skills, work harder, and continue to learn in order to surpass and achieve your goals

Behind every harvest, the degree of effort has actually been marked, the law of cause and effect

May you and I clearly and clearly get our own share in the global financial market of the currency circle

Friends who can't find the direction can find May to escort you

Don't hesitate and miss the opportunity👊👊

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