Let's talk about the BTC market

突触 · 2023-10-28T12:38:31.000Z

Looking purely from the K-line trend, the high point of this wave of market BTC should be around 45,000. It will choose a direction when it reaches 45,000. There is a high probability that it will fluctuate downward. If the callback period is longer, time will change space. Generally speaking, the correction will be limited. If the correction progresses quickly, the rebound will also be very fast. The specific correction point is uncertain. The extreme correction may penetrate 20,000, and then start a bull market. Here is a suggestion: Although the currency circle The range of rise and fall is very scary, but when looking at the market, try not to look at the short term. Whether you are playing spot, contract, mainstream currency or altcoin, try to look at the weekly line, monthly line, or at least the three-day line, otherwise the short-term K-line It's easy to interfere with your judgment

Judging from the K-line trend alone, the high point of this wave of BTC market should be around 45,000. When it reaches 45,000, it will choose a direction and will most likely fluctuate downward. If the callback cycle is longer, it means time for space. Relatively speaking, the callback will be relatively limited. If the callback progresses quickly, the rebound will also be fast. The specific callback point is uncertain. The extreme callback may pierce 20,000 and then start a bull market.
A suggestion: Although the fluctuations in the cryptocurrency market are terrifying, try not to look at the short term when looking at the market. Whether you are playing spot, contract, mainstream currency or altcoin, try to look at the weekly, monthly, or at least three-day lines, otherwise the short-term K-line can easily interfere with your judgment.