Bitcoin has broken below key support and hit a new low again. Its current price action is clearly being dragged down in tandem with declines in U.S. tech stocks and semiconductor shares.
Many people rush to buy the dip as soon as they see a sharp drop. But looking at the broader trend structure, this weak rebound is likely just a continuation pattern, and prices will probably retest lower levels afterward. Until macro-driven selling pressure has fully eased, it will be difficult for bulls to mount a sustained, meaningful rally.
The biggest danger in trading is blindly trying to catch a falling knife against the trend. Wait patiently for signs that a short-term rebound is losing steam, followed by another sell-off that tests the lows and stabilizes, before considering an entry. Protecting your principal always comes first.
$BTC #BTC #美股联动 #行情分析 #Trading Strategy
Many people rush to buy the dip as soon as they see a sharp drop. But looking at the broader trend structure, this weak rebound is likely just a continuation pattern, and prices will probably retest lower levels afterward. Until macro-driven selling pressure has fully eased, it will be difficult for bulls to mount a sustained, meaningful rally.
The biggest danger in trading is blindly trying to catch a falling knife against the trend. Wait patiently for signs that a short-term rebound is losing steam, followed by another sell-off that tests the lows and stabilizes, before considering an entry. Protecting your principal always comes first.
$BTC #BTC #美股联动 #行情分析 #Trading Strategy