The bitcoin alarm hasn't gone away
We see that there is no support, no construction of the bottom. This position is very risky if you rush in, which is why I emphasize the risk of trading on the left, the logic of entering on the right.
confirmed today whether it is entering a short cycle and the lower $8900 of the box will also be the first line of defense for bears, as well as the resistance of the moving average ma18 and the high zone (around $9300).
If the bulls want to get back to $9, 000, it will take more power.
If defensive, there are several important support levels below for bulls, around $7,700 and $7,300 respectively. If the defense line is built here, the theoretical success rate is relatively high. As for the gold lines of $8,500 and $8,000, because they just broke, the success rate of bottom construction is not high.
Strategy: spot had better wait for the right signal, if you have continued to pay attention to my analysis, break hedging is the most important one of our operating procedures.
Although I don't update TV every day, there are hints at the key points. If you want to see more content, you can check the personal introduction below and find relevant information.
In a market full of opportunities and challenges, how to be the final winner is the problem that we all face. If you did not grasp any opportunity in the past 30 years, Internet, real estate, don't miss the historical opportunity of this financial revolution.
Hope my analysis, like a lighthouse, can help you to guide the voyage in this vast market.