If Bitcoin does not fall below MA55, there will be no problem. If it falls below, that’s another matter.

Think about the market sentiment in September when it was still very pessimistic. In fact, after the fake news last Monday, because ETH continued to fall, the market sentiment was also relatively pessimistic. Taking advantage of the market sentiment in advance is also one of the skills of old investors.

There are also many copycat stocks that have only started to rise for 3-4 days and are not far from the bottom, so don’t feel like you’ve missed out.

Many people hope that the price will stop falling and rise again when it falls, but they are afraid that it is a false rise when it really starts to rise. We should abandon this view. The simplest way is to use the price of a moving average to distinguish between strong and weak. For example, MA55 and MA120 of Bitcoin are commonly used to distinguish between strong and weak. Even if the price falls back but is still above the moving average, we should maintain a bullish mindset. The same is true for copycats. Only if you are not afraid of stop loss can you catch the main wave.