Currently, the price is around $102,443. Prices rise and fall very quickly. The price has risen to a higher level compared to last year, reaching Bitcoin's year-on-year high. Many investors' desire when prices fall is to buy at a lower price and then sell at a higher price. The value of Bitcoin is very high right now.
What is important in my opinion, whatever the situation in the market, we must maintain the entry point, whether playing long term and short term, meaning Waiting for price confirmation is the most conservative strategy to get the best price when we see a weakening market.
The importance of understanding patterns and learning to analyze charts is also I think there is no need to rely on analysis from other traders. It is easy to identify trends, just using trend lines or moving averages. Before we draw a trend, maybe analyzing the market structure can make it more valid. bearish trend will have lower high and lower low structure, while bullish trend will have higher high and higher low structure. just by looking at this point we can know which market trend is running.
