Old九歌
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$BTC
Today's Analysis
The defense of major artery 106 is hanging by a thread; the hell-level difficulty of touching the peak has arrived, the ultimate contradiction, death entanglement·······
The BTC conference is in its second day, with one last day remaining, which will end at 6 AM Beijing time tomorrow. So far, it seems to continue the pattern of falling whenever there's a conference.
"High-end ingredients often only require the simplest cooking methods," similarly, high-end trading really only needs the most straightforward operational model! Two-day line: break above to be bullish, break below to be bearish! Remove the fish head and tail; following the right-side rule is that simple. Of course, it's easier said than done, as funding is often insufficient, forcing us into high leverage; poor positions should lead to heavy quick settlements, etc., which all make us look down on the simplest method! The dealer's control often manipulates the human psyche; everyone wants to wait for a good position to enter but ignores the fact that they never get to enter, and reverse operations are fierce like a tiger!
Back to the market:
Level: Currently, BTC does not have a decent divergence level that can show a downward trend for a week, so no matter how low it drops, I prefer to stick to this principle. Everyone knows about this daily pullback, which seems to be on the verge of occurring because as long as the hourly level entity breaks down, this daily southward movement will likely happen. However, as long as the previous low of 1065 does not break, and the pattern has not completely broken, the 4-hour chart currently shows signs of recovering and making an upward attack, so it can be inferred that there should be another push! Therefore, this rising channel line is the lifeline! Why do I say it's contradictory? Because breaking upwards faces resistance at a moving average, and breaking down follows the same logic. Typically, only 4-8 hour moving average changes or divergences will generate a reversal trend. The current sideways movement is preparing to pressure the lines for a change. Only a tangled and twisted contracting channel can fulfill these conditions.
Pattern + Cycle: According to the right-angle surge of this round of upward waves, the daily sideways adjustment generally lasts 7-9 days, and we have just entered this range, so there will be another periodic change in the next couple of days. Each time there isn’t a unilateral increase with a 5-point pullback, it usually occurs every 28-30; 42-50 days.
Comprehensive Judgment: No matter how much it rises, it is still the tail end of this unilateral move; no matter how much it falls, there will still be at least one significant rebound!
Operation: Bull-bear rotation thinking. Although I am bullish as long as it doesn’t break 106, do not be greedy!
Today's Analysis
The defense of major artery 106 is hanging by a thread; the hell-level difficulty of touching the peak has arrived, the ultimate contradiction, death entanglement·······
The BTC conference is in its second day, with one last day remaining, which will end at 6 AM Beijing time tomorrow. So far, it seems to continue the pattern of falling whenever there's a conference.
"High-end ingredients often only require the simplest cooking methods," similarly, high-end trading really only needs the most straightforward operational model! Two-day line: break above to be bullish, break below to be bearish! Remove the fish head and tail; following the right-side rule is that simple. Of course, it's easier said than done, as funding is often insufficient, forcing us into high leverage; poor positions should lead to heavy quick settlements, etc., which all make us look down on the simplest method! The dealer's control often manipulates the human psyche; everyone wants to wait for a good position to enter but ignores the fact that they never get to enter, and reverse operations are fierce like a tiger!
Back to the market:
Level: Currently, BTC does not have a decent divergence level that can show a downward trend for a week, so no matter how low it drops, I prefer to stick to this principle. Everyone knows about this daily pullback, which seems to be on the verge of occurring because as long as the hourly level entity breaks down, this daily southward movement will likely happen. However, as long as the previous low of 1065 does not break, and the pattern has not completely broken, the 4-hour chart currently shows signs of recovering and making an upward attack, so it can be inferred that there should be another push! Therefore, this rising channel line is the lifeline! Why do I say it's contradictory? Because breaking upwards faces resistance at a moving average, and breaking down follows the same logic. Typically, only 4-8 hour moving average changes or divergences will generate a reversal trend. The current sideways movement is preparing to pressure the lines for a change. Only a tangled and twisted contracting channel can fulfill these conditions.
Pattern + Cycle: According to the right-angle surge of this round of upward waves, the daily sideways adjustment generally lasts 7-9 days, and we have just entered this range, so there will be another periodic change in the next couple of days. Each time there isn’t a unilateral increase with a 5-point pullback, it usually occurs every 28-30; 42-50 days.
Comprehensive Judgment: No matter how much it rises, it is still the tail end of this unilateral move; no matter how much it falls, there will still be at least one significant rebound!
Operation: Bull-bear rotation thinking. Although I am bullish as long as it doesn’t break 106, do not be greedy!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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