
百萬Eric | Day Trader|Mar 05, 2025 05:13
Learning from history? Expected trend of Bitcoin!
First, let's take a look at the chart on the right - after experiencing a rapid decline in February, SUI rebounded to the pressure level of the EMA21 moving average, then fluctuated around EMA21 and EMA200, and finally emerged from a structure of gradually decreasing high and low points. The entire process lasted for 21 days.
Looking at the left image again - the current trend of Bitcoin BITCOIN also rebounded to EMA21 after a sharp decline and retraced to EMA200 support.
*The yellow line indicates the highly similar trend structure between the two.
What should we focus on next?
1. The bullish/bearish candlestick is a take profit signal, not a reason to enter the market rashly!
2. Bitcoin may oscillate between EMA moving averages rather than directly breaking through or falling.
If you break through EMA20 or fall below EMA200, the above logic will be invalid!
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