Hello everyone, I am JingshentongChoice is greater than effort
Hello everyone, I am Jingshentong
Choice is greater than effort, circle determines fate
Last night, the currency circle experienced a sharp decline, smoothly falling below $25000
The friends who follow my article should be: full of gains
I've been bearish for three consecutive days, but if I still can't grasp this
This wave of decline is very, very critical, especially breaking through 25000
Maybe everyone just heard a lot of people talking about what would happen if they fell below 25000
What if it doesn't fall below!
But the specific significance and value are completely unknown
I would also like to share my personal opinion on this wave of falling below $25000
The key points are as follows:
Firstly, it indicates that the strength of bears has not weakened
Secondly, there is a significant divergence in the position of 25000 US dollars, and no one is willing to accept it
Thirdly, multiple armies are heavily guarded against the price range of $25000
Fourthly, once BTC slightly drops, copycat and sub mainstream industries accelerate their decline
Fifth, what most people see is $25000, which has not fallen below
The above points reveal a lot of information
As the saying goes: laymen watch the door, laymen watch the excitement
Just looking at the market trend, it is indeed like: multiple armies are stronger than the air force
Especially today's rapid rebound illustrates everything
But looking at the market, for insiders, they cannot only focus on local K-lines
It also needs to be combined with the overall trend and market situation
A period of market fluctuations can only represent the short-term direction of the past few days
This is also what the main team is best at
By holding a large amount of funds and news, to change the short-term trend of the market
To lure retail investors into falling into traps
Yesterday, it fell below $25000, which is actually very important
There is a daily trend chart above, which can be seen from the chart
The market has dropped rapidly from $31000 to $25000
Compared to the previous upward trend, the opposite is true
The decline before August 2023 was just a small incident
But the wave on August 16th was down-to-earth: a large decline in volume
So it's enough to indicate that this year's Mavericks market has ended and the Little Bear market has begun
Since the trend has changed, with the support of the overall background
Most of the key support positions will be broken
As for where to stop the decline and when to end the second dip
This is not the most crucial thing
The key is: Can you recognize the second bottom
And dare to buy boldly
So $25000 won't be the end of this decline
The real test is coming soon
Can I buy: a chip for the price of cabbage
To grasp the 2024 bull market
We will wait and see, witness together, the wealth feast of the fourth wave of the bull market in the currency circle
The above analysis only represents personal opinions and does not provide any investment suggestions!
If you feel that the article is helpful and can solve some of your doubts
Able to use small hands:Like it, follow it, and forward it
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
