Ma6 will be a long shot winner

We see that the current operation of bitcoin is supported by the one in the figure. Here is the upward trend line, which is also the first line of defense for bulls as we mentioned a few days ago. However, whether the bottom can be completed here is unknown
Bulls: trendline support, long-term average support

Bears: ma6 down, macd trend bears

Bm has a position of 790 million, and the ma6 average is a very important resistance level, which is the focus of our observation today.

At present, the balance of long and short forces is theoretically more inclined to bear advantage. If it falls below the uptrend line, which is the position of 1, I will not be shocked, because in the current trend, the upward breakthrough is a small probability, which is what we do not want to see.

But small probabilities have been a common problem throughout history, so we're not just predicting the future, we're dealing with it.



strategy

If you are short now, then good, don't worry, we enter long on the premise that macd formed a long] trend, breaking the top of the triangle, which is the position of 6

If you are already in a position, I suggest you leave below 1

If you want to start a contract here, I suggest waiting for a trend to develop.

In addition, for those investors who believe in bitcoin and are optimistic about its future and have large cash holdings, I suggest you must learn to hedge, because this is a necessary action to hold cash in a market for a long time. Once you know the benefits of hedging, you'll love it.