A few days ago, an article mentioned that the center of gravity of Bitcoin was moving downward, which gave me a bad feeling personally. Subsequently, the trend fell below the support and could not recover and fell by more than ten percentage points, reaching a low of 25166. After falling near the support level, it started a strong rebound. According to my personal experience, it is too early to buy the bottom now. This is just a rebound. It will continue to fall after the rebound, but whether it will fall to 25166, I will not look that far for the time being. It may fluctuate above 25166 and then show a direction.
Then we can look for the end point of the rebound in the 1-hour cycle to arrange short positions, at least for a period of time.
The 1-hour market has started to consolidate, and the pattern is not obvious. In addition, tomorrow is the weekend, and it is estimated that the market will continue to consolidate before going down. If you don’t want to watch the market, you can directly set a larger stop loss. If you do watch the market, set a small stop loss and pay attention to the trend for downward signals.
The above views are for reference only. Before you have a mature trading system, it is best to focus on learning with a light position.
Thank you for your attention, please like and forward.
I wish you all happy making money.
