《Monthly level callback -- patiently waiting for the opportunity》
In the past hour, Bitcoin has been jumping up and down by 1,500 points. It reminds us to be cautious when opening orders. Can short-term trading be profitable in this market? The risk is not proportional to the return. There is no need to waste bullets at this time.
Because JUP has not been online for a long time, the monthly line has no reference value. From the weekly line, a dead cross has been formed, and there is a high probability that it will be called back. From the monthly line of Bitcoin, there is also a need for callback.
Compared with the callbacks on March 12 and May 19, this time the power is not small at all. From the callback of 70,000 to now, it has reached a drop of nearly 30%. At present, the decline has not ended.
Although opportunities come from the decline, the premise is that you must make plans in advance and have a planned position to seize this seemingly opportunity. Blindly buying the bottom by feeling will most likely only be above the mountainside.
Coins like WIF and PEPE, which are relatively smooth in the rising process, also have no support when they fall, and fall like a donkey going down the slope. Coins like PEOPLE, BOME, and FLOKI, which have some rebounds in the rising process, are relatively difficult to fall.
Now beware of the decline and rebound, don't buy the bottom and chase the rise, the main force is not so kind, let you be trapped for a few days and then let you get rid of it.
