Follow the software to trade: Bitcoin 4-hour chart shows that it is now in a sideways adjustment phase after a rapid rise. When it is in a sideways adjustment phase, it needs to step back, and it is not recommended to go long or chase long in the consolidation area, above the white line.
Figure 2 In the consolidation area, that is, short at the upper edge and go long at the lower edge. Because the rise must require momentum, and the momentum comes from washing the plate to get people off the car.
Therefore, it is not recommended to chase long in this position of the big cake, even if you chase long, it is below the positive area.
The above is our method of using software for trading.
