Share a practical method for predicting the rise and fall of Bitcoin and Ethereum
First, let's clarify one point: those who frequently watch the market will clearly feel that the market makers are drawing charts. Based on this, there are two questions to determine the rise and fall:
1. Who is the chart drawn for? Answer: technical analysis
Last night, a rather ugly daily trend chart was drawn, and the purpose was still to shake out the weak hands. A closer look shows that the weekly chart is still green.
2. Since a chart has been drawn, how can we judge the rise and fall without looking at it?
We still look at the chart, but we focus on larger timeframes, finding solid support levels to enter the market.
If this week tests the bottom, hold steady. During the most severe washout of Ethereum, even when good news hit, it still experienced a sell-off, and then it pulled back in a day without giving anyone a chance to enter. Is Ethereum's current price really pegged to 52,000 for Bitcoin? Not necessarily.
Remember, life is like a play, entirely dependent on acting skills. No matter how they perform, as long as we place orders at the extreme levels of each timeframe, we will not lose.
