Bitcoin daily line fell below the oscillating trend, and it is currently in a downward trend. From the current market, there is no obvious stop-loss reversal signal.
In the downward trend, we need to find a support position. If a stop-loss signal appears at the key support position, then this round of decline and correction is in place.
During the decline, the short volume is gradually shrinking, the K-line entity column is gradually shrinking, and a long shadow appears. These are all clues to the weakening of the short force.
The current price has also reached the opening price of the first wave of rapid rise of the big Yang line, which is also a very supportive.
The large level restricts the small level, and the small level will evolve into the large level. Let's take a look at the four-hour trend.
After a wave of sufficient decline, a hammer line with large volume appeared, the market stopped falling, and the subsequent inertia fell, and the price did not break a new low, indicating that the support position below is relatively strong.
The inverted hammer line then appeared, and the bullish engulfing pattern appeared later, which also verified the effectiveness of the inverted hammer line.
The last four hours formed a pregnant line pattern with the previous Yang line. The market will fluctuate at this position.
Judging from the current clues on the market, whether it is a downward relay or a reversal, we need to pay close attention to the next market trend.
Only when the small level stops falling, reverses, and restores a healthy upward trend, then the subsequent trend will evolve into an upward trend at the daily level.
The analysis and judgment of the market should be objective, empty, rational, and without personal emotions.
Instead of judging whether the subsequent rise or fall is based on the rise and fall of prices, the rise and fall will be shown on the K-line of the market, as long as we can understand the market.
And this is what we can never get around when trading in the currency circle.
We all know that we don’t understand foreign languages and have no way to communicate with others. If we are in the currency circle and can’t even understand the most basic market, can we really get the results we want by feeling or imagination, even if it is a trend?
We all understand the truth. We are adults. Is it really difficult to do and change?
It is necessary to use an unbearable price to exchange for the final awakening. In the financial market, I am afraid that not everyone can bear it.
Trading in the cryptocurrency circle, cherish every moment, it is best not to think about how much you can earn, but think about how to avoid losing money.
The market is there every day, and it is the May Day holiday. When it is time to play, just play like it, spend more time with your family, and watch the market less.
I am Qiqi. If you want to seize this bull market with me, welcome to join the main leaf village. There are like-minded partners in it. Every day, we will buy the bottom of the cottage, high-quality currencies, market trends, the latest information, etc. #BTC下跌分析 #ETH $SOL