The recent strong performance of Bitcoin has driven the entire market, with a bullish trend and long positions rising while short positions suffer. The market's greed index has reached an extreme level of 88. However, it is important to note that any upward trend will experience pullbacks, it's just a matter of time. Even if Bitcoin breaks new highs, it is necessary to assess the internal structure to prevent short-term pullback risks. It is advisable to reserve positions to deal with such market movements.
At this point, Bitcoin has no reference resistance level, so the market's momentum is the only driving force. Since the community got on board at 43,000, most coins have doubled in value or more, yielding substantial profits. For mid-term holders, it is important to stay true to the original intention. It is not recommended to trade in a bullish market with contracts, as without a disciplined trading mindset, several liquidations could lead to total loss. In the spot market, there is no need to worry too much, as every pullback (even a major one) is an opportunity to buy. The only thing to note is to reserve positions for pullbacks. Do not chase, do not be arrogant, and do not be impatient. For a detailed analysis of the market, please watch today's video analysis by the teacher!
Disclaimer: The above content is purely personal opinion and is for reference only. It does not constitute specific trading advice and does not bear legal responsibility. The market situation changes rapidly, and the article may have a certain lag. If you have any questions, you can leave a comment on VB for inquiries.
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