Another new week has passed, today is Tuesday. Last week's K-line has also closed. Last week, a big positive line was closed, breaking through the shock zone, and the volume allowed BTC to enter a new round of rise.
The cross line closed last week is not very meaningful, and the current shock is just digesting the pressure from above. After the big positive line broke through 25200, a new round of market has begun. 21500-25200 is a very strong support level. In the short term, 26500 is also a support, of course, this is not important to us. As long as we know the current trend, those who fantasize about every wave of profit callback will also be the ones who fall to pieces. Just like many people will think that the market will continue to fall instead of shock callback.
The current bearish sentiment in the market is still very strong, especially yesterday when Binance and CZ were sued by the US CFTC, which caused more panic in the market. If I have time later, I will write a special article on market news. Compared with news, the market is less likely to deceive people. News has two sides, one is to promote the market, and the other is a smokescreen.
When you really understand the market and the current trend, you will know that some news is just to create panic, to make more people believe that there will be a big drop or a sharp drop next.
Now the market is starting to slow down and fluctuate. This is a good thing. I believe that as the market continues to change, more fuel will be added, just for the final fireworks. If you can also understand the market, then you will definitely be able to see the final fireworks.
The market is very complex and requires continuous learning. There is no such thing as a free lunch or dinner. The complexity of the financial market is far beyond imagination. Any attempt to achieve financial freedom without thinking and learning is ultimately just a dream.
If you are a newbie and want to make money, I advise you to learn more; if you are an old hand who has been exposed to and participated in the market for several years and don’t have your own trading system, I advise you to start delivering takeout as soon as possible.
In any industry, insiders make money from outsiders. If you want to become an insider quickly, you have to keep learning, or join a high-quality circle.
Finally, I would like to leave you with a message: If you want to get what you want, make yourself worthy of it. Trust, success and admiration are all earned through hard work - Charlie Munger.
