Look at the overall situation, determine the bull and bear markets, and distinguish the stages;
Bitcoin is currently in a bull market and is in a volatile trend at this stage. Bitcoin's weekly chart continues to fluctuate, and the current market has moved out of the slightly downward-sloping parallel channel of the Western technical analysis indicator pattern.
Judging from the strength of the market, the short position is getting weaker and weaker, and the market has stopped falling and fluctuated at important support positions. In addition, the background trend increase in the early stage of the bull market, judging from the clues on the market, the probability of a big drop is greatly reduced. Why do we need to look at the overall situation and determine the bull-bear cycle first when analyzing the market?
The large level restricts the small level, and the small level will evolve into the large level. Only by clearly judging the stage of the current market through the market, we can know what strategy to implement at the moment. This is one of the misunderstandings of many technical schools. For example, in the current market trend, many technical schools believe that it is a sideways trend and a long sideways trend will inevitably lead to a fall. This is because they cannot understand the trend of the entire bull-bear cycle conversion and put a certain technical indicator form in the wrong stage.
This is also the trick that the main force likes to use the most. If we do not have the ability to see through the essence through appearances, we will be disturbed and tempted by market sentiment and fall into the trap of the main force.
When we have the ability to see through the laws and essence of the market, then the short-term ups and downs of the market, as long as the trend does not reverse, the target in hand is high-quality, the layout is relatively low, the position building strategy of the trading system is strictly implemented, and the risk is controlled, then the rest is left to time. There is no easy money in the financial market. This market not only requires us to have a high degree of awareness and understanding of the industry, but also requires us to continue lifelong learning, master professional skills, and have a trading system that belongs to us and suits us. Only in this way can we survive for a long time, seize the trend of each bull-bear cycle conversion, and get better results in a long-term and stable manner.
Instead of relying on luck to make a profit, after all, we don’t just make a one-time transaction and then stop. Relying on luck will not last long. Only relying on ability can last long. This is the real underlying logic of making money in the cryptocurrency circle.
Trading is not about getting rich overnight, but about making reasonable profits that are long-term, stable, sustainable, and high-probability, so that you can continuously obtain wealth. #牛市进行中… #熊市 #大盘走势 $BTC
