On the Importance of K-lines

I have always believed that K-lines are the true way, of course this applies only to mainstream currencies such as Bitcoin and Ethereum; altcoins do not rely on K-lines because they are not very meaningful.

The Importance of Bitcoin K-lines:

1.

Certain policy and regulatory factors, war factors, macroeconomic environment, etc., can lead to fluctuations in cryptocurrency, but this is only temporary. Bitcoin has experienced many significant events throughout its history, yet it continues to reach new highs repeatedly. All of this is inseparable from capital, as capital is the main player. Once recognized by the market, capital enters, and then there is value; Bitcoin itself has no intrinsic value, it is merely an unseen and intangible data point. However, after capital involvement, there is the right to premium, and thus K-line charts are created.

2. The K-line of Bitcoin is the best witness to capital, whales, and large players entering the market; of course, it is also proof of their profits when they exit. The K-line represents history and serves as a basis for traders' entry decisions. This is why many global institutions can make money; it is because they have top-notch traders, and traders' reliance on K-lines is indispensable.

3. Follow me; I have been a trader for nearly 15 years, guiding you to play mid-to-long-term strategies. You can review my previous articles, where I have repeatedly caught bottoms and escaped tops, all within my control.