Let me tell you why I firmly believed in the logic of taking advantage of the 1,500-point profit margin at the 58,000 market price yesterday:
We can clearly see in the figure that BTC has three downward pin-point bottoms, but each time the bottom point is a new low and it is not the same.
If the left side of the pending order is based on the normal trading logic, the new low stop loss will be selected, but each time it is a new low. The purpose of this trend is to knock down the stop loss of the bottom-picking bulls and bury the short-selling trap.
That is, the long bottom-picking positions are blown up, and the short-selling people will go all-in to increase their positions and chase the shorts when they see the new low. As a result, the shorts are also blown up when the reverse pull is pulled up.
This trend is common in volatile markets, which also means that the volatile market has entered a white-hot stage, and the general direction is coming (hold the spot and ambush the positions according to the strategy I announced). #BTC