$BTR
Look at this BTR chart. In reality, it’s a very classic “pull-in to pick people up”行情.
Many people see that long bearish candle dropping and panic, thinking the trend has turned bad. But if you look closely, this is exactly a good opportunity to get on board.
First, the previous uptrend saw strong volume, which indicates that the main funds have entered. Now, during this pullback, the trading volume has clearly shrunk—this is a typical “shakeout” — washing out the unconfident retail traders so the main forces can move in with lighter gear.
Second, even though the price has fallen below the short-term moving averages, it happens to be retesting the top of the prior consolidation range (around 0.157). This used to be resistance. After the breakout, it becomes support—this is called “resistance-to-support conversion.” As long as it holds at this level and doesn’t break down, it’s a very safe buying point.#比特币升破8万美元创三月新高
So don’t be scared off by short-term declines. This kind of sharp drop followed by slow rise, or a pullback on shrinking volume, is often to prepare for the next leg that pushes much higher. At this point, if you’re afraid to enter and wait to chase once it moves up later, your cost will be much higher.
Look at this BTR chart. In reality, it’s a very classic “pull-in to pick people up”行情.
Many people see that long bearish candle dropping and panic, thinking the trend has turned bad. But if you look closely, this is exactly a good opportunity to get on board.
First, the previous uptrend saw strong volume, which indicates that the main funds have entered. Now, during this pullback, the trading volume has clearly shrunk—this is a typical “shakeout” — washing out the unconfident retail traders so the main forces can move in with lighter gear.
Second, even though the price has fallen below the short-term moving averages, it happens to be retesting the top of the prior consolidation range (around 0.157). This used to be resistance. After the breakout, it becomes support—this is called “resistance-to-support conversion.” As long as it holds at this level and doesn’t break down, it’s a very safe buying point.#比特币升破8万美元创三月新高
So don’t be scared off by short-term declines. This kind of sharp drop followed by slow rise, or a pullback on shrinking volume, is often to prepare for the next leg that pushes much higher. At this point, if you’re afraid to enter and wait to chase once it moves up later, your cost will be much higher.
