In the past seven years, analysts have experienced a great deal. Looking at the international trends, only by keeping a calm mind can one achieve great success. In the market, if you feel lost, whether you are stuck in positions, locked in trades, or not making good profits, you can talk to Jiang Wei. In the cryptocurrency market, many times, it tests the patience of investors. If investors do not have enough patience, either you miss the opportunity, or you fall into a trap. The most direct manifestation of market movement rules is the trend. Following the trend is an important rule for investors to survive long-term and make profits. As long as the trend remains favorable, investors can continue to profit. Do not seek aggression; trade steadily. Maintaining long-term profitability with stable returns is what investing is about.
As we all know, the recent tariffs have escalated, with many countries bowing to the U.S., while only China stands firm. I am honored to survive in China. The first generation fought for three generations to establish the nation! The second generation endured hardships for three generations to strengthen the country! The third generation worked for three generations to enrich the country! Each generation has its own battles; our ancestors did not kneel, and neither shall we!
To get back to the point, the recent price movement of Bitcoin has been significant, possibly due to intensified news impacts on price fluctuations. Last night, the price surged directly to the 83,500 position, increasing by over 8,000 points in just one day. Many retail investors were either liquidated or suffered significant losses. However, this is also an opportunity; once seized, it can lead to doubling profits.
On the daily chart, the price is under pressure at the middle track. Yesterday's surge did not break through, so today there is a chance for a reversal and pullback. Observing the candlestick chart, it shows a fluctuating decline, with a downward channel opening. Although there is a rebound, it is difficult to stabilize. Today, it is very likely to reverse and fall back to recover the downward space. To make a long story short, today is bearish; you can set a short position around 82,500 and look for a break near 79,600. If it breaks, continue to look down to the 78,500 level.
Follow Jiang Wei's public account; the only way to relieve worries is through Jiang Wei.
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