#比特币价格走势 Recently saw an analysis by Banmu Xia, and I finally understood what "moving average convergence" means. I had no idea what this concept was before; today I learned something new!
When Bitcoin dropped below $90,000, I was a bit panicked, thinking it would crash further. But then I realized the trend was actually okay? It turns out that multiple moving averages on the 4-hour chart converged to form a key resistance (around $90,500), and this level is very important. If it breaks through, it’s a bullish signal, and thinking this way makes me less anxious.
Seeing the take-profit points adjusted to $96,200, $101,600, $110,000, and $112,500, although I haven't actually traded yet, I feel that learning to read these levels is quite necessary. The most interesting part is that the analyst emphasized that, in the context of improved liquidity, Bitcoin still has a high probability of continuing to rise, which gives me some confidence.
I’d like to ask everyone, how should a complete beginner like me understand this kind of technical analysis? Is it easier to make trading decisions at these key levels? Are there any recommended beginner resources?
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#比特币价格走势 Recently saw an analysis by Banmu Xia, and I finally understood what "moving average convergence" means. I had no idea what this concept was before; today I learned something new!
When Bitcoin dropped below $90,000, I was a bit panicked, thinking it would crash further. But then I realized the trend was actually okay? It turns out that multiple moving averages on the 4-hour chart converged to form a key resistance (around $90,500), and this level is very important. If it breaks through, it’s a bullish signal, and thinking this way makes me less anxious.
Seeing the take-profit points adjusted to $96,200, $101,600, $110,000, and $112,500, although I haven't actually traded yet, I feel that learning to read these levels is quite necessary. The most interesting part is that the analyst emphasized that, in the context of improved liquidity, Bitcoin still has a high probability of continuing to rise, which gives me some confidence.
I’d like to ask everyone, how should a complete beginner like me understand this kind of technical analysis? Is it easier to make trading decisions at these key levels? Are there any recommended beginner resources?