Buying the bottom at 50,000 may be a wishful thinking - for BTC!
Is 50,000 the bottom?
A purely subjective trader is doomed to fail!
I have observed that many people are waiting for 55,000 to buy the bottom of BTC, and some are even waiting to see BTC fall below 50,000.
But let's see if the logic is right?
Technical analysis emphasizes objectivity. When analyzing the market, we should try to eliminate personal subjective consciousness and prejudice, and we should not believe in the words of others.
You should know that the 80/20 rule determines that most of the information we are exposed to is not the truth of the world.
I am not doing marketing. From the 17th, I suggested that the bulls may have the last chance. The first time I suggested buying in the range of 60,500~59,300, and the second time I suggested that 59,610 was the support point. Both times of buying the bottom were very successful, and they are also of certain reference value for novices.
At this stage, the technology does not support the logic of buying the bottom at 55,000 and 50,000. I can't deny other people's views just because I don't understand them, but I think this view is quite shallow and is more of a pessimistic fantasy. They are likely to miss a good opportunity!
In my opinion: To reach this price, you must first break through 60,000.
If it effectively falls below 60,000, it means that the medium-term structure is reversed, and it is likely to enter a multiple top structure, and the medium-term will no longer be bullish.
At most, we can only expect a rebound after a sharp drop, and we can't call it bottom fishing!
Therefore, the market is now at the bottom of the rising relay, don't deceive yourself at the bottom. I have reminded you to bottom fish many times.
Buy and sell freely, but be prepared to face the next rebound. Bottom fishing in the short term? This is simply wishful thinking!
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