Hello everyone, I am Jingshi.Entering the core circle, becoming an insiderYesterday's weekly analysis showed that the positive line of Bitcoin's last week's close is a temporary stop to decline signal, so the next weekly level will start a long journey of volatility and rebound
Hello everyone, I am Jingshi.
Entering the core circle, becoming an insider
Yesterday's weekly analysis showed that the positive line of Bitcoin's last week's close is a temporary stop to decline signal, so the next weekly level will start a long journey of volatility and rebound.
The daily line above actually shows that the support below is temporarily supported.
The trend of this month can be clearly seen, as the volume of the Air Force can decline from the initial volume increase, then shrink, then increase, and finally shrink again without breaking the previous low.
However, Duojun is gradually increasing its volume, especially in the trend of recent days. This wave of rising energy has increased significantly compared to the previous ones.
So based on the trend in recent days, it is currently a healthy upward trend.
Although I received a positive line with a long up shadow yesterday, indicating pressure above, from the perspective of the capacity of multiple armies, the rise is relatively healthy. Therefore, there may be some fluctuations and pullbacks in the future, but the probability of continuing to rise in the end is still relatively high.
It is quite difficult to fall below $25000 in the short term, depending on where the rebound will eventually go. The air force will only attack again after the release of multiple forces. There is still a lot of pressure above, with $28600 being an important pressure and 29000-31000 being a dense trading area.
From a daily perspective, multiple armies are stronger than the Air Force, and there is a possibility that they will fluctuate upwards in the future. However, if you want to lay out Bitcoin for the long term, this is not the right time because Bitcoin at the weekly level is in a downward trend, but it will start to fluctuate and rebound after stopping the decline.
More and more people are paying attention to the market of Bitcoin now, but I rarely pay attention anymore. I just write about Bitcoin, as most currencies will follow its trend.
Bitcoin plays a significant role in important turning points, such as reaching a peak or bottom, a bull market turning into a bear market, and a bear market turning into a bull market. However, after such important nodes, there are so many sectors in the blockchain that each sector's trend will be different, some following Bitcoin, and some not following it.
In fact, I think the golden period of Bitcoin and Ethereum has passed. In the previous bull market, Bitcoin increased by 100 times from its lowest point to its highest point, and in the previous bull market, it increased by 18 times. As the market value increases and the consensus becomes stronger, the space will only become smaller and smaller.
Just like Maotai and Apple in the stock market, are there many retail buyers now? Retail investors participate less because of the limited space and limited money. How can they make money and live the quality of life they want?
So retail investors invest tens of thousands, hundreds of thousands, and hundreds of thousands of funds in Bitcoin Ethereum. If they can identify the bottom and top positions and buy and sell, they can make money. However, in a big bull market, buying from the lowest point to the highest point only yields 3-5 times the return. I think it's a waste of the significant opportunity of blockchain.
Every currency has its own lifecycle, and the true golden cycle of a currency is only one period, just like we humans, who have a golden period but eventually age.
Although Bitcoin Ethereum will not age, it has nothing to do with us anymore. The time has passed because we do not have Bitcoin that comes in for hundreds or thousands of yuan. Who has Bitcoin to do with? It has nothing to do with those big holders of Bitcoin, as one year's interest from others is enough for an ordinary person to live for a lifetime.
But blockchain is not just about Bitcoin Ethereum, just like the stock market is not just about Moutai Apple, but also about Alibaba, JD.com, and Xiaomi.
But if you want to choose a high-quality potential currency, you must have a clear understanding of its "fundamentals, news, policy, technology, and funding", rather than unilaterally knowing that it is the leader and what it does.
Many people choose currencies, and they say they understand everything and are very aware of the value of this currency, but they only know that this currency is a leader in the public chain or a certain sector. Understanding these is not a true understanding, it is not an understanding of the fundamentals, it is just a surface of information, listening to information to know what this currency is for.
Just like Ada, Dot, do you know he's a public chain cross chain investor? But they don't know if he still has potential in the future, whether the project team has anything to do, whether the speed of development and technological breakthroughs can support his architecture in the bull market and his return to value?
We must master the technology when trading in the currency circle, be able to judge the market trend of each currency, and determine whether it has bottomed out or is a downward relay through the market surface. Otherwise, even a good currency entering the middle of the mountain will lose money and miss a lot of space.
Then, it is important to have a sufficient understanding of currencies and be able to know in advance which sector will be launched next, so as to plan ahead. Otherwise, just like at present, many people are still confused about whether Bitcoin will double dip, when the bull market will come, and what to buy, resulting in missing out on many opportunities in the future.
Experience is very important when investing in the currency market. Many people's experience depends on the trend of the previous bull market. However, if every bull market is exactly the same, no one can make money by "seeking the sword".
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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