The market has reached a key position, you need to be careful to retrace

Facing the same market, the same opportunity, and the same information, everyone’s operation results will be very different. The market is made up of individual people, and everyone has their own different hopes, fears, and weaknesses. We must calmly Acknowledge this, understand the importance of your individual self, and accept the end result.

Humans are prone to systematic errors in uncertain environments. In stressful moods, people make poor judgments about risk and event probability. Behavioral finance shows that people rarely make completely rational decisions when it comes to monetary interests. Successful traders understand this phenomenon and are able to profit from it. They know that other people's mistakes in judgment are their opportunities, and they know that these mistakes will eventually show themselves in the changes in market prices.

【News】

【News】

【Market analysis】

【Market analysis】

The trend of Bitcoin yesterday was basically in line with expectations. According to the current candle pattern and our analysis of the trading system, we need to pay close attention to the position of the long-short boundary line at the hourly level. Before the market has an effective breakthrough, we will focus on empty orders.

Reference pressure: 9260 9600

Reference support: 8900 8700 8300

It is recommended to enter the market with an empty order around 9260, with a stop loss around 9340 and a target around 8700. Once the stop loss is reached, immediately backhand, the target is around 9600.