7.15 Market Analysis
Yesterday, BTC reached a new high of 123,300 before starting to retreat, leading many to wonder if a correction is imminent. We need to recognize and accept a fact: during an upward trend, there will be adjustments in the form of bearish candles, and during a downward trend, bullish candles will also appear. The key is to discern whether these are normal adjustments or a change in trend;
Currently, from the K-line structure, yesterday's adjustment is a normal correction in the upward process. As of now, no new bearish trend has formed, including BTC, ETH, LIN, LTC, SOL, BNB, DOT, ADA, etc., which have not formed bearish trends in the four-hour cycle. Therefore, whether in contract long positions or spot trading, there is only one thing to do: patiently hold positions and wait.
The trading market itself is a battleground of long and short positions. When there is an upward movement, there will be corrections, and when there are bullish candles, there will be bearish candles. We cannot assume that a bearish candle indicates a bear market and a bullish candle indicates a bull market; otherwise, we will only be passively beaten. The key is to observe whether there is a change in the structural pattern.
Currently, there has been no situation where the four-hour lifeline has been broken, so we will continue to execute based on the bullish mindset. If it truly breaks, we will discuss the implications of that; there is no need to predict whether it will break or not, as that is quite naive. We just need to follow along;
