The Bitcoin market is clearly in an upward trend, and it hasn't reached a key resistance point. This is the type of market I am best at; I can be a bit casual but not reckless.
Tip: Bitcoin is still in an upward trend today, relatively stable, everyone can rest assured to hold or buy.
Bitcoin has encountered a key resistance area. First, look at the key resistance analyzed previously, where everyone agrees on the key resistance. After reaching this point, altcoin longs should be cautious, and positions should not be opened near Bitcoin's highest point. For short-term trading, wait for a pullback or breakthrough to be the safest. For medium to long-term, one should also reduce positions or consider exiting.
Tip: Bitcoin is facing key resistance; pay attention to the breakthrough situation. Before the breakthrough, try to avoid longs, focus on short positions, and keep your position small. If Bitcoin encounters key resistance and pulls back, after it stabilizes at support, consider short-term longs while lowering profit expectations and trading with a small position. It’s best to reduce the number of trades and types of coins.
Tip: Bitcoin is pre-testing support; the overall trend is upward, you can buy for a rebound. The overall trend is downward, trade with small positions for rebounds.
Bitcoin has dropped to key support; analyze whether it is possible to see a bottom. If uncertainty exists regarding the bottom, do not open high positions for longs; if you do, add a stop-loss later, and it’s best to reduce the number of trades and types of coins.
Tip: Bitcoin has reached key support; a breakdown could lead to a crash. Everyone should focus more on short positions and minimize longs.
Analyze the possibility of hitting the bottom, buy in batches, and ensure that your stop-loss for incorrect predictions is within your risk tolerance.
Tip: Bitcoin has dropped to key support, and there is a possibility of a technical rebound. You can bet on a rebound; for those who are conservative, wait for a bottom formation to appear.
Bitcoin is in a volatile market; pay attention to the size of Bitcoin's volatility range. Do not go long near the top of the range; breakouts can be considered for longs, or long positions can be considered in the middle or at the end.
Tip: Bitcoin is in a range-bound market; currently at (top/middle/bottom), with risks decreasing from large to small.
Bitcoin has experienced multiple short-term pulls to the key support level, indicating it may not hold for much longer. Pause for short-term trades and consider exiting for medium to long-term.
There have been multiple daily-level pulls to a key support level over 4 times, yet there has been no significant rebound, maintaining a volatile trend, or the rebound highs are getting lower, indicating strong desire for Bitcoin's correction.
Tip: Bitcoin is extremely weak; try to avoid opening long positions, and short positions can be gradually accumulated with small amounts.
The mindset for trading cryptocurrencies must be good; do not let your blood pressure spike during a big drop, and don’t get carried away during a big rise.
