Bitcoin Price Analysis and Trend Forecast

As for the basis for rising or falling, should we make a copycat or do something else?

Bitcoin has started to decline since March 15th.

Last week, the weekly line closed with a pin of flat and bearish.

This kind of needle can be understood like this

A: In an upward trend, close the long and short weekly lines.

The multi-party trend weakens and needs to be corrected to rise again.

B: The upward trend ends and preparations for the downward trend begin.

However, there are still a considerable number of copycats that have not risen much, so the possibility of the upward trend ending is even lower.

I choose A

Still go long, but it will be safer to wait for the daily line of snot c to stop falling and continue to fall. Then don’t go long.

Shorting is too dangerous. Assuming the uptrend ends, it will take time for the daily line to fall. It is not cost-effective to go short recently.

It’s probably more cost-effective to buy copycats. Nose C has not made a strong correction. The upside is a bit worrying. If it doesn’t pull back, the possibility of it continuing to rise is really low.

rise take off take off

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