Hello everyone, I am Jingshi.Enter the core circle and become an insider
Hello everyone, I am Jingshi.
Enter the core circle and become an insider.
In the past two days, the sharp decline and surge have made people anxious. When it falls, it makes bullish panicked, and when it rises, it makes those who are short anxious.
If you are looking at the daily chart or a smaller level of trading, it will indeed make people very confused.
Nowadays, there are more and more retail investors and institutions participating in the currency circle, and there are too many tools such as derivatives, contracts, options, etc., so it is impossible for the market to go straight up and down like in the past.
This also increases the difficulty of analyzing the market, and requires a clear judgment of bull and bear trends.
In fact, once you master the method of judging bull and bear trends and position the future direction at the weekly level, you won't be so confused.
I analyze the weekly trend of Bitcoin every Monday and it has been in a downward trend since August. The overall trend is still in a downward trend.
After we judge the weekly market, the daily market will not be so confused.
On a daily basis, a drop below $28600 has started a downward trend, with a lower level of $25000 being a strong support, so it fluctuates back and forth at this position.
If the weekly trend is determined and the direction is set, then we will not drift with the flow and will not chase up just because we rebound.
Why was it during the early bear market from the end of 2021 to the beginning of 2022 when leeks were most caught? Because they fell to support a rebound, it was considered that the decline was over.
So when we know the future direction of the weekly chart, no matter how volatile and rebounding it may be, we need to be clear that the probability of the daily chart falling in the end is likely.
After the daily line fell below yesterday, it closed again today, and currently the support below is relatively strong.
The positive line received today is a stop down signal, but as for where it will rebound, it is necessary to track the rebound strength of multiple armies in real-time.
The first downward trend line above, the second downward trend line, and a horizontal straight line of $28600 are all pressure levels, and the higher the upward pressure, the greater the pressure.
So where to rebound next, when to fall below 25000 support, we need to continue tracking, when there is a signal of weak rebound, and when the strength of bears increases, it indicates that the time is approaching.
In fact, the Bitcoin market is just like that. There is a high probability of a double dip, and the overall trend in the second half of the year is definitely a rebound and a decline, which will gradually break the previous low.
Although Bitcoin may initiate a double dip, it does not mean that all currencies will fall along with Bitcoin.
In the past, this circle was small and funds were concentrated, so Bitcoin drove the entire coin circle, but now it is not the past.
There is no rule that stipulates the decline of Bitcoin. Bitcoin needs to double dip, while other currencies must fall. If there is no rule that a bull market must be initiated by Bitcoin first.
So don't get caught up in this viewpoint that is not a viewpoint. If you seek advice like this, you may miss out on most of the bull market.
It is worth mentioning that I have seen signs of bottoming out in some high-quality and highly promising value currencies.
Perhaps when the entire market is experiencing a double dip in the Ebit coin and the Ebit coin is launched, it is believed that a bull market has arrived.
The upcoming bull market is likely to be different from previous bull markets.
Originally, due to the immaturity of the underlying infrastructure of blockchain, the sector is limited and belongs to the rotation of small sectors, which require Bitcoin to drive.
But now it's different, with more mature infrastructure and more value applications, blockchain has been divided into many major sectors.
So there will definitely be a trend of differentiation in the bull market. If we blindly use Bitcoin as a wind vane, we may have missed many opportunities.
Our research department of Sancai has invested countless efforts and effort in the past two years to research the results, which will also enable our Sancai members to step on every step of the bull market and reap full rewards!
If you are currently trading in the coin circle and feel helpless, confused, and unable to find a direction, I hope my article can give you some inspiration and help.
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