The market is always born in despair, how long will Bitcoin have to retrace?

Yiming's Trading ExperienceAll content in this article is personal opinions and is for learning and communication purposes only. It is not used as an investment basis and should be operated based on it at your own risk

Yiming's Trading Experience

All content in this article is personal opinions and is for learning and communication purposes only. It is not used as an investment basis and should be operated based on it at your own risk.

Yesterday, Big Pancake experienced an independent pullback trend, but Aunt Tai and Crown Prince did not follow. This signal suggests that the short-term pullback is coming to an end. This adjustment has a characteristic: a cyclical pullback, which is a normal manifestation of a cyclical pullback. The Crown Prince has a daily K positive line that stops the decline and rebounds before the Big Cake and Aunt Tai, and will prioritize the performance if there is a rebound in the later stage, which can be focused on.

The market is always born in despair, which is determined by human nature. It is not only applicable to large cycles, but also applies to daily fluctuations. The minutes of the Federal Reserve meeting released in the early morning showed that the attitude towards raising interest rates is: there will be no rate hike in November, and it is unlikely to be raised in December, but we will have to see again then. Before inflation continues to fall to 2%, interest rates should be kept in a position that restricts the economy. The minutes of the Federal Reserve meeting will be released at 8:30 tonight. If inflation data further decreases, it will be good for the market, and we can focus on it.

Message: Keep your eyes far away while also looking closer. One is the overall situation, and the other is the details, both of which cannot be ignored.

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