From the daily candlestick chart, the current direction of Bitcoin’s market is very clear. Firstly, there is a high probability that 107255 will fall below, and only after falling below will the daily level downward trend be considered gradually complete.
Secondly, looking back at past trends, it can be found that daily declines often rely on accelerating the decline or significant intraday dips to truly bottom out. So the short-term 15 minute and 1-hour levels, no matter how they are inserted up and down, will not change the final trend. This week and even this month, the overall strategy is focused on short selling and bearish sentiment. I encountered a loss on my first attempt to go long today, which also confirms the importance of following the overall trend in trading, otherwise it is easy to be caught off guard by the market.
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