Bitcoin touched that key 21-day moving average today and immediately bounced back up!
To be honest, this is the best short-term long opportunity I’ve seen in the last few days, finally caught something decent after waiting for a few days.
BUT! I must pour a bucket of cold water on this: this rebound does not mean the consolidation is over! It certainly doesn't mean a massive surge is coming! If anyone thinks, "Ah, bouncing off the 21-day line means the trend is stable," they are simply overthinking it!
My opinion, loud and clear: this is just a relatively good short-term buying point in a fluctuating market, nothing more! You can make a quick in-and-out to grab some profit, but don’t expect to use this signal to judge a major trend reversal!
Don’t get overly excited just because of a little sunshine! This rebound doesn’t reveal any more tricks!
If you want to make money, don’t be a lone warrior! Follow me, and comment to share your thoughts, let’s seize the lucrative opportunities of the bull market together.
Intra-day focus: SAHARA HSK ETH BSW
