The Bitcoin market has entered a correction in its third phase; pay attention to trading rhythm.
The trend suggests that Bitcoin's continuous breakthrough of new highs has temporarily come to a halt. The current high is likely to be a genuine high for the coming period. Partners who are going long should be cautious about risk management.
In trading, it often happens that your opinion differs from others; this doesn't mean you are wrong or they are wrong. There is no absolute right or wrong; it is because your trading cycles differ. For instance, value investors can wait five to ten years for returns, while speculative investors only need short phases to achieve results. There is no right or wrong.
The larger the capital, the more one should focus on value investing. The smaller the capital, the more one should engage in high-leverage speculation. Losing will not excessively impact life, but winning can change it. In the absence of sufficient ideals, one must take risks in life, but definitely do not act blindly!
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Currently, Bitcoin is in a state of weakness at high levels, with sluggish upward momentum. Partners who are looking to buy on dips must trade cautiously. Once a signal for a downward trend appears, the likelihood of being deeply trapped in a short time is very high. Selling on highs is the main theme of this phase, with very little chance of breaking through new highs again in the short term, while the probability of falling below the current high is significant. The risk-reward ratio is also considerable. Please pay attention to subsequent articles; any signals for a trend change will be published immediately. 060284621845060001996231018703619