Bear markets are downtrends.

Downtrends are lower lows and lower highs.

By definition, downtrends don't mean "down only".

They MUST have rallies to produce lower highs.

We call those periods "mean reversions" or "counter trend rallies".

If that rally gets above the moving averages, then there's a strong possibility that the downtrend is over.

But until then... it's bear market price action.

Sorry, I have rules.

And I don't let my personal biases or my long-term bullishness on Bitcoin detract from the OBJECTIVE data.

Get above the MAs and I'll flip bullish.

That level for me, right now, is right at $101k.

It could be a bit lower in a few weeks.

It's that simple.

I don't fight trends.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。