[Every drop is for a better rise, and every drop is the best buying opportunity! Bitcoin short-term and mid-term support line strategy analysis]
The last wave of adjustment was close to 6w. After Bitcoin rebounded, most altcoins rebounded well. You will find that it is difficult to make money if you buy when it rises, but you can only make profit by buying when it falls!
The main reason for the decline in the past two days is the lack of long momentum. There is no fuse or breaking point. The market environment still lacks liquidity, and long positions still need to be harvested and cleared.
In the short term, look at the bottom head and shoulders top pattern or M top pattern, and then look at the wave before the Spring Festival, the trends are very similar. The new strategy believes that the current short-term shock market between 6.2w and 7w still holds, but in the mid-term, there must be a drop. This support is the daily moving average 99-day line, and this line is likely to be hit. Probably around 5.3-5.6. What does this point mean? You can get ultra-low chips.
CryptoJelleNL says the volatility in crypto markets is designed to make you give up or change your plans. Don't be fooled by this ruse - this bull market isn't over yet.
★Pay attention to new strategies and don’t get lost in the bull market!
