BitEagle 🦅8.19 Accurate Market Analysis @Everyone
Good morning, brothers. Last night, I reminded everyone not to chase high prices.
Today, it fell below 60,000 and fell back to $58,400.
In the past few days, Binance's daily BTC trading volume has shrunk.
Yesterday, only 13,000 BTC were traded.
And the last batch of BTC released by Mentougou was more than 50,000.
The US government released more than 10,000 BTC.
Some of these BTC were transferred through OTC large-scale transactions, and some were sold through centralized exchanges.
It takes more than half a month to digest these BTC.
Many brothers went all-in when they saw the rebound to 60,000.
So you have to control your emotions.
Strategy summary:
1. Don't short positions. Now the prices of many cottages are very low, so you have to prepare stocks.
2. If BTC falls to $55,000, don't panic, but hold it, don't sell at the bottom.
3. Don't chase the rebound, wait at least 1 week.
When the market is bad, recognize the current situation and lie down.
