#BTC Let me tell you, I am closely watching the current trend of the big pie!
On the daily chart, it is clearly moving in the fifth wave of an upward eight-wave pattern, which is the last wave for the top rally! Pay attention, I am talking about a temporary top, not the final peak, don't get confused!
Many people ask why I am hesitant to go long now? Let me clarify — during the fifth wave phase, you should actually look bearish, not to mention that the third wave has already been extended, the probability of the fifth wave skyrocketing is lower than winning the lottery! Now looking at the MACD indicator, have you ever seen three peaks on the daily chart? This technical pattern is a clear bearish signal! But on the other hand, previous divergences did not lead to a drop, so now when shorting, you need to be cautious, don’t be stubborn.
Here comes the key point! The temporary top is highly likely at either 105200 or 109900! How exactly to operate? Listen carefully — the spike in the morning session has already hit 105200, which is testing the strong resistance level of Fibonacci 2.618! If the daily closes with a solid bearish candle, or if it touches 105500 and then turns back, I will definitely open a short position decisively with the technical indicator resonance signal!
If 105200 cannot hold, then just place a pending order at 109900 and wait to short! Remember, if it really breaks 105200, you must control your position and set a stop loss, don’t get slapped in the face repeatedly like before! The core of this operation can be summed up in one sentence: either wait for a clear bearish signal, or place a pending order at key resistance levels, and don’t mess around at other times!
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + comment + follow, and I will take you through the bull market to firmly grasp this big opportunity!
Today's focus: PNUT ETH INT ETHFI
