I have said long ago that it is not suitable for bottom fishing, not suitable for bottom fishing

Is Bitcoin suitable for bottom-fishing now? ? ? ? ?

The current Bitcoin market situation is grim, and the 120-day moving average has been broken. Although there are signs of rebound, the amplitude is extremely limited. Last night's rebound ended in failure, which fully shows that the bulls at this position have almost given up resistance, and the market trend may undergo a major change next.

Due to the huge volume of Bitcoin, the adjustment at the daily level is often only a matter of time, and the possibility of breaking through the key position is very high. For friends who enter the market at the top and are trapped, there is a high probability that they will fall into a dilemma of getting more and more trapped. Even if no fundamental factors are considered for the time being, the current market situation alone can clearly see the situation.

It is worth noting that the strong pressure of the rebound is around 65,500, and it is extremely difficult to break through this point upward. For investors who operate contracts, you can consider placing a trend order here.

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