While there has been much discussion recently about Bitcoin ETFs and the Fed’s interest rate decisions, the real question is, what will it mean for Bitcoin to hit $1 million when these news are finally released?
At that point, you will realize that you have missed the big move in the market when the news was released. Therefore, I have always emphasized that investors who rely on news analysis can never compete with those who focus on technical analysis.
Through technical analysis, we can use support and resistance levels to lay out strategies. For example, if you can accurately determine a support level and buy before news about the Bitcoin ETF is released, then when the price of the currency skyrockets after the news is released, you can easily make a profit without having to worry about taking any losses. Technical analysis acts as a catalyst here, helping you earn more in less time.
From the perspective of trading on the news, if you only start buying when the news is released, for example, Bitcoin has risen to 990,000, then do you still dare to take this risk? I don't think most people do this, so you either miss the opportunity or risk getting cut.
Therefore, technical analysis always has an advantage over news analysis. You will see that we have achieved many excellent operations through technical analysis, such as accurately predicting the lowest point of 2180 during this downward trend, guiding everyone to buy, and profiting from the subsequent 260-point surge.
At the same time, in the process of holding long orders, we also accurately predicted the highest point of 2440, and guided fans to place short orders at this position. After waking up, they can realize the 260-point profit of long orders, and earn up to 70 points through short orders. % profit.
