The National Day was very busy, including me, and I missed a lot of opportunities to eat the band. But one thing is certain, the market trend is still falling $BTC
65600 short, after falling to 62800, stop loss at 64500 to continue short.
Fall to around 61000, stop loss 63000.
Stop loss must be placed at the support pressure point.
The trend is falling, so eating the band high short is the best choice. Of course, you can also copy the band bottom to grab the callback, but you need technical support for your courage.
I see that many people are bullish at 62800, because the market has fluctuated in the range many times, thinking it is accumulating power. In addition, the information side is in various remarks on the continuation of interest rate cuts, which makes it easier to be bullish. Many analysts began to post bullish remarks.
I didn’t post, which means that the market is still bearish. If there is an emergency, I will post in time to help everyone.
When BTC66500 fluctuated at a high level, I posted that the market would collapse on Monday at the latest, and the copycats should run away quickly. Many people who saw my post on the square, Weibo, and Telegram came to thank me for avoiding a big risk. But many were still misled by the market's remarks that the interest rate cut would lead to a bull market.
Remember, BTC is a cryptocurrency and is virtual. Don't compare it with any market trend. Its market may sometimes follow the US stock market, sometimes follow the US dollar, and sometimes go on its own. It is unpredictable, so you must learn technical analysis by yourself, and indicator analysis is the most important.
You can find clues from indicators in any big market, but the news and data aspects actually disrupt your judgment. It is useless to say that they are necessary as auxiliary, and it is very important to say that they are really useless. Therefore, many players of macroeconomic theory and data theory ultimately do not understand where they are wrong.
Finally, I emphasize one sentence: technology creates wealth. With analysis technology, you will naturally have your own operating skills as the number of real trading increases. And all these achievements require learning indicator analysis, and you must learn it thoroughly. If you rely on freeloading and wandering around to operate, you will never grow up, and you will also be the first 1️⃣ batch to die.
This is why I have always focused on analytical teaching.
