Bitcoin has fallen below the support level, is it time to enter a correction mode?!
In previous articles, it has been clearly stated that around 106,000 is the previous resistance level for Bitcoin, and after hitting a new high, it became the support level for Bitcoin. Now it has fallen below that level, entering a downward correction mode.
Trading on the surface is about the ups and downs of the market, but in essence, it is about trading human nature. The longer you trade, the more you believe in metaphysics. What is called metaphysics is actually the unseen human nature behind it! Who is manipulating the trading behind the scenes? If you understand their thoughts, you can trade and have a high probability of making a profit. Just staring at the market and relying on technical indicators is merely a smokescreen they provide you!
In any industry, to achieve great results, it is essentially a process of enlightenment. The ones who reap the rewards first are not the ones who work hard, but those who have attained understanding first! Why are great investors like Buffett and Duan Yongping so impressive? Because their cognition is high enough and their vision is long-term; short-term fluctuations have no impact on them. They only see the value realization years down the line!
Doing trend trading is a logic. Once you predict the trend, the ups and downs during the process have nothing to do with you. You only need time to prove whether you are right or wrong. As long as your experience and ability can yield a high probability of profit, this can continue. Just like leaders in investment like Buffett and Duan Yongping, they also have times of investment failure, but that does not affect their overall profitability, allowing them to become leaders in the investment world!
Partners who have been following the community know that the overall returns over the past two years can compete with any traditional finance. Of course, you and I are just a drop in the bucket; achieving this is definitely not luck, but surpassing the understanding of over 80% of trading groups, perfecting the trading system, strengthening oneself, and the trading track can become a way of survival.
Currently, Bitcoin has fallen below an important support level, returning to the previous fluctuation range, which means the start of a downward adjustment. The main strategy is to short on highs, and those thinking of going long are just fuel. As for the specific points, I am not sure. I can only speak through the chart. Here I share the thought process with you, but do not provide specific operational advice. I can only tell you that grasping the trend is what matters; everything else is not that important! $BTC $ETH $SOL
