$BTC I am a long-term BTC bull. Why do I still think that BTC should continue to adjust downward even though it has rebounded to 67,000?
BTC has rebounded from 59,000 and has broken through the 10, 20, and 60-day moving averages, stood firm on the 12-hour middle track, touched the daily middle track, and formed a cross star at the bottom of the three-day candlestick chart. In any case, from all indicators, it is a bullish pattern. Now it is definitely not worth shorting. Is it really the same as at the end of January, when it would never fall to the 120-day moving average of 38,000, and now it would never fall to 55,000?
The market of altcoins is very subtle at present. If you bought it after the short position was halved, you have had a good time these days, with many rebounds, and there is still a long way to go from the high point. I don’t know how long it will take for those who took over at high positions to get out of the trap. There are also many hot coins that are still falling. The bull market of the copycat is the same as what I said before. If the market does not have a particularly clear direction, that is, BTC directly falls to the right position or BTC trades sideways for a long time to break through the previous high position, then the bull market of the copycat is still far away.
In summary, although all indicators of BTC are bullish, I still only look at the rebound.
And I still stick to my point of view, that is, BTC must fall to a key position, the 120-day moving average or the 180-day moving average, which is the most direct for the overall upward development. But if it does not fall to the position, BTC will fluctuate up and down like this, and it is not known when it will trade sideways. Will it really trade sideways until the third quarter?
Of course, the fluctuation of BTC prices always has its own direction, which is not subject to people's will, and there is no good or bad direction. It depends on who guesses right.
