📌【#Introduction to Trading Types】
📊 How to read the BTC daily chart? How can beginners judge trends?
Many newcomers often ask: "The chart is so complicated, how should I read it? How do I judge if it goes up or down?" Today, using BTC/USDC as an example, let's learn about the most basic trend analysis methods👇
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🔍 Understand BTC's current trend at a glance (2025.6.6)
✅ Trend Line:
BTC has retreated from its high point of 111,999 and is currently operating below the middle Bollinger band, indicating a bearish consolidation phase.
✅ Moving Average System:
The short-term MA5 has crossed below MA10, creating a "death cross" signal—indicating that short-term downward momentum is increasing.
✅ RSI Indicator:
The current RSI is 38.1, close to the "oversold" edge; it is not advisable to blindly short, and one should patiently observe whether a rebound forms.
✅ MACD Indicator:
MACD death cross + green bars increasing = the trend remains weak, and there is no strong reversal signal yet.
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💡 Beginner's Suggestions (Applicable to all cryptocurrencies)
1️⃣ Look at the trend → Is it in an uptrend or downtrend channel?
2️⃣ Look at the position → Is the price above the moving averages or the middle Bollinger band?
3️⃣ Look for signals → Are there "death crosses," "increased volume," or "divergences" present?
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📚 Summary in one sentence:
The most important aspect of trend trading is: to see the right direction, control the pace, and wait for confirmation.
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