A crucial juncture for the market is approaching. Will the bulls be able to achieve a breakthrough to a new high?

CN
1 year ago

When you drive to a strange city, do you need to use a navigation system and look at road signs? Then why, when you go to a strange market, do you not look at a map and rely entirely on guesswork?

Everything a person experiences needs an explanation, not for others, but for oneself, to provide a comfortable explanation.

For example: when in school, the explanation for not receiving "love letters" from the unattractive girl in the class is like this: I am not that kind of person, not like some vixens… Another example is the explanation for living in poverty for a male comrade: It's enough to earn just enough money to spend, having money doesn't necessarily mean happiness.

In other words, as long as the person writing the book is not Warren Buffett, the person reading the book is a fool. Not everyone can get into Tsinghua University or Peking University, so does that mean we should just drop out and become illiterate? Should Liu Xiang's coach win a championship before coaching? Should a barber cut his own hair? The belief that reading is useless is just a comfortable explanation for oneself.

The biggest prison in this world is the human brain. Without breaking free from obsession, one will always be imprisoned. Nobel laureate Daniel Kahneman said in "Thinking, Fast and Slow": the human brain has two systems, System 1 relies on intuition and instinct, while System 2 is rational and thoughtful. The biggest difference between speculation and investment is not the holding period, but one is constantly learning, while the other is always repeating.

Hello everyone, I am trader GEGE. Continuing from the previous article, let's take a look at today's market analysis. After reaching support at 24888 on the 11th, Bitcoin experienced a rebound, but is currently facing slight retracement after being resisted around 27480. The overall trend still refers to the previous analysis. Pay close attention to the performance at the weekly level. Although the short-term and daily levels have broken through the upper band, they have not yet broken through the 60-day moving average. The Bollinger Bands are still contracting, and the upward trend has not completely opened the Bollinger Bands. Although the candlesticks are rising, there is still resistance. The MACD lines continue to move upward with increasing volume, and the KDJ has turned upward again. The indicators still lean towards the bullish side for now. The downtrend line from the high point is currently suppressing the price, so short-term operations should focus on whether the price around 27500 can break through and stabilize. Once it breaks through and stabilizes, the upward space will open up, and the bulls will win this round. Otherwise, the market will test the support level again. For Bitcoin, it is recommended to short around 27500-27700. This concludes today's analysis. See you next time. For more real-time advice on Bitcoin, please contact GEGE. This advice is for reference only. Enter the market with proper risk management, and determine profit and stop-loss levels on your own. Specific strategies can be consulted during trading hours.

The gears of fate are always turning. No one doesn't want to become wealthy, but no one wants to become wealthy slowly. The simplest way to happiness is to lower your expectations of life and become a little smarter every day. Masters have two great abilities: the ability to reflect and the ability to act on instinct. Base desires rely on indulgence, while higher desires rely on self-discipline.

Many individual investors are unable to enter the trading arena simply because they lack a guide. Sometimes, the experienced can provide a single piece of advice that can solve the problem you've been pondering. Daily real-time market analysis for BTC, ETH, BCH, LTC, EOS, XRP, DOT, and other currencies is publicly available in the social circle, along with guidance from the experience exchange group. There is also 18-hour online real-time market analysis and operation guidance every day. Feel free to scan the code to add and receive real-time guidance. Note! The contact information below does not belong to me!

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