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Bitcoin price may fall Midterm adjustment officially begins b

Date:2024-07-18 18:15:44 Channel:Crypto Read:

In the turbulent digital currency market, Bitcoin has always played a pivotal role. However, the recent market volatility seems to foreshadow the arrival of a mid-term adjustment. Investors are on alert, worried that the price of Bitcoin may fall. At this moment of uncertainty, the possibility of a long Yin Suo is even more noteworthy. This article will analyze the trend of Bitcoin prices from different angles, interpret market dynamics, and explore how investors should respond at this time.

The volatility of Bitcoin prices has always been the focus of the digital currency market. Recently, some worrying signals have appeared in the market, suggesting that Bitcoin prices may usher in a wave of adjustments. Especially in the medium term, investors should be more vigilant. Although Bitcoin once hit a record high, market uncertainty and risks are gradually accumulating, and investors need to take countermeasures to avoid potential risks.

From historical data and market analysis, the decline in Bitcoin prices is not without signs. Past market conditions show that every sharp fluctuation in Bitcoin prices is accompanied by sharp fluctuations in market sentiment. And the long Yin Suo is one of the signals that the market cannot ignore. When the market has a long period of Yin decline, it often means that the panic of investor sentiment is intensifying and market risks are gradually accumulating. Therefore, it is crucial for investors to be alert to the sudden arrival of long Yin and adjust their investment strategies in time.

In the digital currency market, it is not easy to predict the trend of Bitcoin prices. However, through in-depth analysis of the market and keen observation of the market, investors can better grasp the pulse of the market, avoid risks and seize opportunities. In the current market environment, investors may wish to maintain a cautious and optimistic attitude, flexibly adjust their positions, and do a good job of risk control to meet the possible mid-term adjustment.

In general, Bitcoin prices may usher in a wave of adjustments, and mid-term risks are gradually increasing. Investors should remain vigilant, be alert to the signals of the sudden arrival of long Yin, adjust their investment strategies in time, reduce market risks, and seize investment opportunities. In the tide of the digital currency market, only by keeping a clear mind and taking steady steps can we remain invincible in the tide of the market. I hope that every investor can go further in the world of digital currency and gain more wealth and growth.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


The market fell across the board yesterday. The bulls in the market were obviously weak, and the bears exerted their full strength to suppress it. The market's overall leader BTC also broke down and fell. The leaders of oversold rebound ETH and EOS also fell. BNB even hit a new low again. This shows that the market's resistance is weakening. Next, I will give you a hint. If you are willing to listen, you can listen to it. If you don't want to listen, just ignore me. Assuming that the resistance is weakened, there may be a big negative line to end the consolidation and start to look for support downward. The decline and speed may be very fast, so fast that you don't have time to reduce your position. So I personally think that since the trend is clear, you should still do preventive reduction actions to ensure the safety of funds.

BTC

BTC Bitcoin fell below the integer mark of $10,000, and also fell below the lower track support level of the convergent triangle. As we mentioned earlier, the reason for the sideways fluctuations in the previous period was to give time for the funds of the oversold rebound. Now the oversold rebound has ended, and the target has led the market to find the bottom. We have always expected that the target may fall to around $7,200-7,500. Now we maintain this view, but we believe that even if there is support at this point, the strength may not be too great. Of course, this will have to wait until it reaches this point before making a judgment. The overall focus is on risk control.

ETH

The trend of ETH is actually okay. It has made a W bottom and then broke upward. It is currently in the rhythm of stepping back. The trading volume is also okay. We also mentioned earlier that the biggest risk of the target is now on BTC. Once BTC breaks down, nothing will work. It is not ruled out that the target will rush up again, but I personally still tend to believe that the oversold rebound market has basically ended and will not break through the strong pressure level of $220. Everyone should still focus on risk prevention.

EOS

EOS volume and price coordination is not ideal. It has broken through multiple moving averages in succession. The chips have begun to loosen to a certain extent. The oversold rebound has begun to waver. The morale is unstable and it is difficult to see a consistent market. It has fallen below the support of $3.7 given by us. Let's see if it can be recovered at the close. If it can't be recovered, it may bottom out again. The current MACD indicator has also crossed, and the possibility of a second bottom is relatively high. Pay attention to the risks.

The author's views are only for learning and communication, not as investment recommendations, and do not constitute an investment basis!

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