In Crypto Assets trading, survival is the primary consideration, followed by profit. Before each operation, investors should carefully assess whether their trading strategy is reasonable and whether their principal is safe. It is crucial to establish and continuously optimize a personal trading system. Although professional advice may not lead to overnight wealth, it can help investors survive in the market in the long term. Only those who persevere until the end can achieve their goals.



It is worth remembering that the darkest moments are often a sign that dawn is approaching. On the path to chasing dreams, no one is truly alone.

Let's take a look at the latest market analysis for Bitcoin (BTC). Currently, the price of Bitcoin is 116000. Around 1:30 AM Beijing time, the daily candlestick's highest point reached 117550. The previously suggested southward entry point of 118500 has been breached, and the current market situation is relatively straightforward. As the price has fallen below 116000, investors are still holding and observing. If the pullback does not exceed 118500, they can continue to hold.

From the daily perspective, the bearish trend has not yet ended. The MACD indicator shows a decrease in volume and an accumulation of positions, with DIF and DEA forming a dead cross. The K-line has dropped below the middle band of the Bollinger Bands at 116800, while the lower band is still around 112000. Although there has been a rebound in the four-hour K-line, the momentum is weak and the resistance is evident. For intraday trading, consider entering short near 117000, with a stop loss set at 118500. In the absence of positive news support, the bearish trend may continue.

Investors should remain vigilant, closely monitor market trends, and make informed decisions based on their own risk tolerance. Remember, in the Crypto Assets market, safeguarding funds is always the top priority.
BTC-2.99%
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CoffeeNFTradervip
· 7h ago
suckers are always looking forward to the top
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NightAirdroppervip
· 7h ago
Enter a position and let's do it! Whoever is cowardly is a dog!
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DAOplomacyvip
· 7h ago
arguably another case of sub-optimal market primitives at play...
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FloorPriceWatchervip
· 7h ago
What are you waiting for? It's time to buy the dip!
View OriginalReply0
DegenRecoveryGroupvip
· 7h ago
It's too difficult to be a retail investor in a Bear Market.
View OriginalReply0
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