The price of Bitcoin has reached 58,000 again. In the articles during this period, I have repeatedly emphasized the huge volatility. There are many major international events, and each event can affect the large fluctuations in the currency circle. Therefore, for those who do short-term trading, doing ultra-short-term trading at this stage is tantamount to gambling!

I am very opposed to trading according to technical indicators in such a situation with many uncertain factors and many fluctuations. If someone uses K-line to give you a meal analysis at this time, you can curse. I can tell you responsibly that such a market situation, coupled with major events that can affect the market at any time, the so-called technical indicators are nonsense, or to analyze the market situation that has already occurred and predict the next market situation for you is nonsense!

This community has been doing trend trading. Through technical software research data, combined with industry information, the market attitude is evaluated, as well as the current trend of Bitcoin, and the next trend is comprehensively considered. Why do trend trading? Because it is certainty, and the probability of winning is increased.

To put it bluntly, the transactions made by relying on technical indicators are to use what has happened to predict the uncertainty of the future, while the transactions made by relying on trend market conditions are to obtain a greater probability of certainty through various means.

According to the current trend analysis, Bitcoin is likely to return to $60,000 in the next period of time. Once the Fed cuts interest rates, there will be a small climax. After all, it is the first interest rate cut in such a long time. Although the date of the interest rate cut is approaching, the dealer chooses to kill both long and short positions, and it is absolutely impossible to carry the sedan chair for the market! So even if the interest rate cut event is in line with expectations and is a major positive, it will also take action on the long orders that have been blown up at 56,000 or even 55,000!

So in this troubled time, wait and see. If you really want to make a profit in such a market, study the spot grid or contract grid trading more. Once you use the right strategy at the right time, you can make more money than trading. The key is to save worry and reduce a lot of risks.