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If you are a multiple-time frame trader and think that Bitcoin's short-term trend is very weak, I need to tell you to put yourself in the other person's shoes: two weeks ago, at the end of April, Bitcoin between 78,200 and 78,800 was considered a high level because the 3-day moving average resistance at 79,400 had not been broken through.
And two weeks have passed, just two weeks, and 78,800 has only been retested once, and that was the day before yesterday when, under the influence of negative news, it temporarily broke below 79,150 before bouncing back.
It took two weeks to get a long opportunity around 78,800. Our current low buy point is the short-selling point from the end of April.
Would you still think the market is weak?