Today is August 1st, and the monthly line of BTC has closed.
Many people stare at the 1-hour line and 15-minute line every day. Seeing the market falling in the past few days, they are particularly afraid that there will be a sharp drop.
To see the big trend, you have to look at the big aspects. If you always look at the small level, you will only be deceived by the main force.
It can be clearly seen from the monthly line that it has exceeded the high point of last month.
There was a big negative line in April, but the market did not fall. What does this mean? It means that the power of short selling is not strong, and there are not many people selling.
There was another negative line in June, but this negative line was much smaller than that in April. The negative line is getting smaller and smaller, which shows that the power of short selling is weakening.
Comparing the K line, you can see that the power of short selling has been decreasing.
Look at the trading volume again. When it fell in April and June, the trading volume was obviously getting smaller and smaller, which means that the power of short selling is almost gone.
Today's monthly closing is a positive line with a long lower shadow, which means that the support below is very strong, and the power of long positions is much stronger than that of short positions.
Therefore, from some situations in this oscillating range, we can clearly see that the power of long positions is increasing and short positions are weakening, so it is likely to rise next.
I found that many people outside look at small levels, and when they see the high and low points going down a little bit, they think there will be a big drop. This is too subjective, and this is falling into the trap set by the main force.
From $15,487 to $70,000, this is the key point. This is called the high and low points going up, which is the trend of the bull market.
The callback from $70,000 to $63,000, fluctuating back and forth in this range, this is not called the high and low points going down, this is just a callback.
If it is said that there will be a drop just because the high and low points from March to July are slightly lower, then who can analyze the market? The main force uses this method to fool retail investors.
Therefore, it is very important to look at the overall situation. Only by figuring out whether it is a bull market or a bear market can we understand the general trend. Once we judge the general trend, we will not be confused by the short-term market.
Last time, it was predicted that it would break 70,000 in 8 days, and it reached 70,000 in 9 days. I just want to ask you if you have reached 70,000. You still want to see Brother Niu cut the Niuzi. It is impossible. If you reach it, you can't cut it! ! !
Can you bet on Niuzi randomly?
