The most recent Bitcoin transaction on #交易故事 #BTC交易 gave me a deeper understanding of this market.
After closely monitoring Bitcoin for a while, I found that its price was fluctuating within a relatively narrow range. By analyzing technical indicators, such as the Bollinger Bands showing the price close to the lower band, and the trading volume continuously decreasing at a low level, this suggested a possible rebound. At the same time, some macroeconomic factors in the market also provided certain support for the cryptocurrency market, such as the loose monetary policies of certain countries.
Based on these judgments, I chose to buy when the price approached the lower edge of the fluctuation range. I set a stop-loss point; if the price fell below the lower edge of the range and continued to close below it, I would decisively cut my losses to avoid greater losses. For taking profits, I initially set it near the upper edge of the range when the price rebounds.
During the holding period, Bitcoin's price began to rise slowly, and the trading volume gradually increased, everything seemed to be developing in the expected direction. However, just as it approached the take-profit point, some negative news suddenly emerged in the market, leading to a rapid price adjustment. I quickly assessed the situation and believed that the overall upward trend had not been damaged, so I decided to continue holding and wait for a better opportunity.
Ultimately, as market sentiment gradually stabilized, Bitcoin's price rose again and successfully reached my take-profit point. I chose to sell, achieving a nice profit.