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Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone By Cointelegraph

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Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

“Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” Bottom line: traders shouldn’t try and anticipate trends reversals or, worse yet, attempt to increase their average price without losing money.

It doesn’t really matter if you trade soy futures or silver stocks, cryptocurrencies, or even stocks. The market moves in cycles that can last anywhere from several days up to several years. In ‘s (BTC) case, it’s hard for anyone to justify a bullish case by looking at the chart below.

Bitcoin price per USD at Coinbase. Source: TradingView
Bitcoin perpetual futures 8-hour funding rate. Source: Bybt.com
Bitcoin options open interest put-to-call ratio. Source: Laevitas.ch