Is #比特币冲向11万？ a market frenzy, a continued bull market, or dealers selling and retail investors taking over?

Today I will talk about my views on the market. The analysis is for reference only and does not make any investment advice.

If you follow orders, you will be responsible for your own profits and losses.

All the following analyses refer to the 4-hour cycle!

Bitcoin $BTC # Analysis:

From the perspective of 4 hours, Bitcoin hit a new high and then continued to produce negative K, indicating that Bitcoin has strong selling pressure at the position of 107,000, which is the white square area. Then we will pay attention to this Bitcoin in the future. Can it quickly get out of this range? If Bitcoin cannot break through this range in the long-term shock, then this wave is likely to pull back. Then we can pay attention to it. Green square area. If there is a bullish engulfing or rising structure in the green square area, you can go long. If the green area is broken, we can only go short

Ether analysis $ETH

Ether currently has selling pressure in the white area (4000~4100), and I also drew the support below, which is the green area. If we go long, we have to wait until Ethereum returns to around 3600 and a bullish engulfing or rising structure appears before we chase the rise.

If Ethereum falls to the green area and there is no bullish engulfing or rising structure afterwards, it is likely to go down, and we can wait until it completely breaks through this area before chasing the short. The key area is 3500~3600

BNB analysis $BNB

BNB currently forms a 4-hour resistance range in the yellow area (720~730), and then you can see that it is constantly testing the support of the blue square (700~710) below. Therefore, the side wall forms a shock plate in this range. After the 4-hour cycle breaks upward or breaks downward, we will make another operation. If it breaks below the blue range and a big British K appears, we can chase the short, and if it breaks through the yellow area, we can chase the long.

Okay, today's sharing is here. No matter what kind of trading strategy, please do a good job of risk control. After all, no strategy is 100% correct!！