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3.25 Bitcoin Summary
Today's silk road trend is clear and distinct:
Upper resistance given at 71000-71500, obvious pressure can be used to layout short positions
Actual market movement:
First wave: retraced from 71028 to 70375, creating 653 points of space
Second wave: retraced from 71319 to 70752, creating 567 points of space
Third wave: retraced from 71999 to 71085, creating 914 points of space
Fourth wave: retraced from 71933 to 70531, creating 1402 points of space
The silk road has been verified multiple times by the market. What's worth noting is: the third and fourth waves exceeded the target resistance level by five hundred points—is this a reversal or a trap?
Did you hold your position?
When others panic, I stay calm. When others chase, I wait. It's not that the market cooperates with me, it's my mindset that happens to be ahead of the market.
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