Bears are in complete control. Bitcoin is crashing with strong momentum and the absence of any effective support. Every bounce is immediately rejected — clear evidence of strong distribution and institutional selling pressure.
The LIT coin shows a clear upward trend on the hourly chart, with higher highs and higher lows, indicating continued buyer control after a healthy consolidation phase.
📚 The 60 Moving Average is not just a line — it's your trading compass.
Many traders see the 60 Moving Average as a standard indicator. But in reality, it is a trend filter that separates noise from opportunity.
Here's how to use the 60 Moving Average like a pro:
1️⃣ Above the 60 Moving Average = Bullish Bias
Price holding above the 60 Moving Average = Healthy bullish structure.
Look for buying opportunities when it retraces towards it.
2️⃣ Below the 60 Moving Average = Bearish Bias
Price below the 60 Moving Average = Bearish control.
Avoid long buys until recovery is confirmed.
3️⃣ At the 60 Moving Average = Decision Zone
This is where trends pause, reverse, or accelerate.
Wait for the candle to close above/below before entering.
Why this is important: Trading with the 60 Moving Average as a compass keeps you on the right side of the trend. No more guessing. No more emotional trades.
Remember: Indicators do not predict the future — they help you manage risk.
👉 Like and share if you use the 60 Moving Average in your trades. 💬 How do you use moving averages? Comment below.