Good morning, friends. I woke up late today. I found that $BTC has once again found support at the daily MA50. This expected trend has actually been mentioned many times by the department head during the live broadcast, that after breaking below the EMA15, it will rebound at the MA50. If the daily candle closes bullish today, it will form a bottom model here.
At the same time, Bitcoin has retraced to the previous high, which is considered a relatively normal adjustment. So, combining all these theories, if it rebounds here, at least it will create a shoulder or continue to form a head in the trend.
If the daily candle does not rebound afterwards and we judged it incorrectly, then it is a problem with our theory. We are just doing the integration of knowledge and action, instead of letting market emotions influence our judgment!
