Bitcoin's center of gravity moved downward yesterday, which was a sign of a decline. It fell today. Will it fall below the oscillation and form a downward trend? The 4-hour chart has not closed yet, and it has begun to pull out a lower shadow, which seems to be going back. If there is a long lower shadow at the close and it can return to above the support level, then you can prepare to continue the oscillation. If there is a lower shadow at the close but the close is not above the support level, then you need to observe a few more K-lines before making a judgment.

If the closing price continues to fall without a shadow or with a short shadow, then you can prepare for a downtrend. To follow the trend, you can short part of your position first. If there is a pullback, add to your position during the pullback. It is best not to return to the support level during the pullback. After the pullback ends, continue to fall to a new low and continue to add to your position.

Next, let me talk about LPT operations. Yesterday, it fell to the support level in 15 minutes, and I made a small test position at this position. The trend quickly pulled up and the maximum cumulative profit was 5%. Because the trend of Bitcoin was not very good, I was worried that it would be dragged down, so the moving stop loss would be very fast. I set a stop loss when I woke up in the morning, but after waking up, I found that it was closed in one hour, so I entered the market again to test the position. This time, because of the false breakthrough, the success rate was much better than the previous one, so you can observe the trend more and don’t rush to push the stop loss upwards. However, the trend of Bitcoin has not yet determined the direction, and there may be a risk of continuing to fall, so don’t add positions easily, just keep the bottom position and play around.

The market never lacks opportunities, it just depends on whether you can do it.

Risk warning: Altcoins fluctuate greatly, so operate with a small position to gain a big return with a small investment. $BTC $LPT

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I wish you all happy making money.