Stop being pessimistic and give everyone a boost
In a volatile market, the daily K-line cycle SAR indicator turns, which is the boundary of the volatile consolidation. In other words, the lowest price of 57700 last night should be the lower track of the recent volatile range.
The middle price of the 65000-57700 range is around 61500. If it stands above 61500, the volatile range of 61500-57700 is weak, and the volatile range of 61500-65000 is strong above 61500.
In early August, the price of the big cake continued to fall, and the market was smashed by 50,000. The market has cleaned up more than 3 times the leverage. It is difficult to kill again, and it requires real selling pressure to smash the market.
The rebound and volatile consolidation after the big drop, the market sentiment is scattered, which is easy to cause bearish sentiment, cultivate the opponent's plate, and when the opponent's plate is enough, in the volatile market, as long as the price stands in the volatile range of 61500-65000, the short stop loss will assist the market to go up.
If you have no confidence in holding long positions in Bitcoin, just imagine that after Bitcoin is halved, the current Bitcoin price is equivalent to 29,500 before the halving.
The lowest price of 49,000 is equivalent to 25,000 before the halving.
This week's highest price of 65,000 is equivalent to 32,000 before the halving; 32,000--25,000 is just the same as the half-year consolidation range from April to October last year.
At the end of October last year, Bitcoin stood at 32,000 and started to rise.
Although Bitcoin's short-term trend is weak, its medium- and long-term trend is still optimistic, and we look forward to its performance in the fourth quarter.
