$BTC Daily Direction Analysis, How to Approach Long and Short
1. The first marked chart is the liquidation chart. You can open the liquidation chart from January to March, and you can clearly see there are a lot of short positions around 110,000 (very many), and combined with market sentiment, everyone is surprisingly not FOMOing at all, all are shorting, thinking this is a historical peak. As the main player, seeing so many short positions here, if you still have inventory, would you raise it a bit to let them eat all your stock (i.e., short positions liquidating)?
2. This is the current daily chart. Currently, this is a weekly upward trend that couldn't be clearer. It has moved up and down (the downward movement is ongoing). Combined with Chart 4, you can see that BTC has made three upward or downward daily movements (red ⭕) to confirm the peaks and troughs, while the last peak and trough have removed the new high/new low. (Currently, only two upward movements have occurred.)
At the same time, the daily downward movement is not yet complete, but in terms of volume, it is indeed not much (red arrow), which is likely to produce divergence. At this moment, we will continue to operate under the condition that it does not drop below 100,000.
3. Chart Three goes deeper into the 4-hour chart. The 4-hour chart here has already shown a decrease in volume, and the downward momentum is weak. Once this 4-hour downward movement is completed, we can start going long! If it only completes 3 movements in 4 hours for this daily downward movement.
About 101,500 is a good point for going long, with a stop-loss at 99,500.
4. The monthly chart of altcoin bear market may have already shown the peak formation in December. Now we are in the first wave of weekly rebound (i.e., the bear market has already started, suitable only for shorting rebounds).
5. Because many market conditions must be analyzed in conjunction with the current situation, at this moment the bullish mindset of 6.21 will not break. The subsequent shorting points will begin after BTC reaches a new high again, while also trying to short altcoins. This time we will only go long on BTC.
Go long at 101,500, with a stop-loss at 99,500.
There is also support at 98 below to go long (if it drops here, it is likely to make 5 movements in 4 hours, currently the third downward movement in 4 hours).
