BTC's daily MA90, MA120, MA256, short, medium and long moving averages, are already in the adhesion range, and it is time to choose the direction:
1. If it can break through the 64,000 resistance range, and wait for the return to the moving average concentration area, it will be a very good bull market opportunity, and the stop loss point will be placed below the concentration area;
2. Before the breakthrough, it is suppressed by the K-line and the moving average concentration area, which is also a very good short-selling opportunity. The short-selling strategy in the previous post is still applicable and unchanged.
Anyway, the daily moving average adhesion is the prelude to an epic market.
In addition, most people now ignore the strength of the actual US economic data and simply refer to the decision-making environment of interest rate cuts during individual economic recessions in history. They generalize that interest rate cuts mean a US recession;
This huge cognitive bias will create an excellent opportunity for bulls to create greater volatility. Wait patiently for the final reaction of the market, and the torment will soon end.