A must-read for newbies in the cryptocurrency circle: Beware of the Bitcoin plunge and the bull market trap!
Dear newbies in the cryptocurrency circle, please pay attention! The recent slight decline in Bitcoin may make you feel that it is a good opportunity to buy at the bottom, but I want to tell you that this is likely to be a dangerous trap! Don't be fooled by the "cunning means" of those old players.
Imagine that you are now stepping into a mysterious and dangerous cryptocurrency forest. And those experienced "old hunters" have already laid traps in the forest, holding glittering "Bitcoin candies" in their hands to lure you, the "little explorer", into their trap.
Let me reveal a few key points to you so that you can see the true face of this trap more clearly!
First of all, the "volume level" that everyone is talking about - $64,120, is like a high wall that blocks the charge of Bitcoin. To break through this wall, Bitcoin needs to make great efforts, but at present, it seems to be still hovering outside the wall.
Secondly, the two technical indicators, EMA 200 and EMA 50, are like two experienced goalkeepers, always alert to every move of Bitcoin. Want to easily break through their defenses? That's not an easy thing!
What's worse is that Bitcoin is now "hyped up", like a balloon that is about to explode, and it may collapse at any time! Once it fails to break through those goalkeepers, what awaits it will be a bottomless cliff.
Moreover, we can't forget the mysterious "Chicago battlefield". BTC futures trading there is full of unknowns and dangers. The closing price of $63,365 on Friday night? That's just a superficial phenomenon, and there may be greater risks behind it.
So, dear novices, a new week has begun, please be vigilant! Don't be fooled by those seemingly tempting "candies", and don't be deceived by the cunning means of those "old hunters". Protect your assets, just like a warrior wearing solid armor, because an unknown storm may be coming!
If you feel helpless, confused, and can't see the direction in trading, you can come to my village and click on the avatar Kanjianjie. You only need to be a real player.
