Analysis of long-term bull-bear trend: BTC
Some friends expressed that they are more concerned about the long-term trend, so today we will discuss the long-term market of Bitcoin.
From the monthly level, it experienced a consolidation and decline phase in the middle of the year, thus completing a downward trend of the monthly line, and together with the main rising wave of the last bull market, it built a 1W segment center, which belongs to the quarterly trend center.
If the current weekly rise is identified as the departure segment of the quarterly trend, then there will be a three-buy back test market and a new high trend in the future, so as to complete the upward trend of the monthly line, and then the quarterly trend can be completed.
From the daily level, this upward trend is caused by the three daily buys of the weekly level center, and its upward momentum is extremely strong.
If the special situation of small turning into large is excluded, the growth of the center is needed here to promote the completion of the trend.
As for where the center is formed and where the divergence phenomenon will occur, it is necessary to go deep into the small level for detailed exploration.
The figure is only a schematic diagram, which does not mean that the center will inevitably be formed at the price of 10W.
The trading suggestions are as follows: In view of the strong characteristics of the large level, according to the standard trend, the price of 10W is not the top.
However, this does not mean that you can buy blindly.
Although the trend of the small level is subject to the trend of the large level, the fluctuation of the small level may also have a leveraging effect on the large level.
After all, no one can know exactly when the bull market will end, and there is no limit mechanism in the currency market. It has always been possible to wipe out the gains of several months in one day.
Therefore, we should maintain a cautious and optimistic attitude, mainly do Duo and line goods trading, and pay close attention to the linkage between the large and small levels, and try to avoid the callback market in the bull market, because no one knows which callback will completely end the bull market.
