We are clearly in a downtrend in the short term.
In a bear market, it is better to look at resistance than to support.
But this point that is highlighted in the chart is an important point
Although I said we need to pay more attention to resistance than support, this can be an important point because throughout the world we see that bitcoin has never been below the 100-week moving average for a long time and has only been below it sharply in short-term markets. This has happened in history.
We also have a trend line here and around the price of 33560 is an important area that can push bitcoin up.
It is better to reject this situation, friends, if you are in a small profit, cash and wait to buy at low prices
Having cash in this situation is the best thing.
If this support is lost, the probability of reaching 30570 will be stronger.
But Beat has shown that the market will not rotate until the market does not accept the fall and does not abandon itself and form a large red candle.
I hope it helped
In this situation, it is better to have cash by buying in depth to compensate for losses
Definitely set a loss limit for your altcoins
And if you have a loss limit, check to make a purchase again, this time in depth, and if you have strong coins in the market and you like the project, be patient.
Having patience helps you make fewer mistakes
And if Bitcoin forms the original red candlestick, it returns quickly and the trend is ready to change.
In the long run, we are still in a bullish market, but in the short run, there is still a lot of price resistance
Good luck
Do not hurry
Set a loss limit
Buy reliable projects
In a bear market, it is better to look at resistance than to support.
But this point that is highlighted in the chart is an important point
Although I said we need to pay more attention to resistance than support, this can be an important point because throughout the world we see that bitcoin has never been below the 100-week moving average for a long time and has only been below it sharply in short-term markets. This has happened in history.
We also have a trend line here and around the price of 33560 is an important area that can push bitcoin up.
It is better to reject this situation, friends, if you are in a small profit, cash and wait to buy at low prices
Having cash in this situation is the best thing.
If this support is lost, the probability of reaching 30570 will be stronger.
But Beat has shown that the market will not rotate until the market does not accept the fall and does not abandon itself and form a large red candle.
I hope it helped
In this situation, it is better to have cash by buying in depth to compensate for losses
Definitely set a loss limit for your altcoins
And if you have a loss limit, check to make a purchase again, this time in depth, and if you have strong coins in the market and you like the project, be patient.
Having patience helps you make fewer mistakes
And if Bitcoin forms the original red candlestick, it returns quickly and the trend is ready to change.
In the long run, we are still in a bullish market, but in the short run, there is still a lot of price resistance
Good luck
Do not hurry
Set a loss limit
Buy reliable projects
