April 28 Bitcoin Market Review and Summary

Today's core idea:
Today's market dropped from the high of 77,450 all the way down, bottoming out at 75,635, forming a classic unilateral downtrend, with prices continuously moving lower along the lower band of the Bollinger Bands.
Under the dominant bullish trend, it moved into a sideways decline, following the trend to short, with two downward waves steadily capturing the market.

In a sideways downtrend, going against the trend to buy is like "catching a flying knife with your hand," you never know how deep it will fall next time.
At this point, stop-loss is your safety cushion, helping you brake in time and avoid holding onto a position until your mindset collapses.

For example, today it slid from 77,000 down to 75,635.
If you don’t set a stop-loss, your position will become more passive the longer you hold, eventually being led by the market.
Set proper stop-losses, even if you’re wrong about the direction, it’s just a small loss, and you won’t be dragged into a deep abyss by a unilateral trend.