ASR-VC indicator 4h channel status update:

BTC4h line officially tested the middle track of the channel last night. At the same time, the middle track is also the demand area for the first callback on the left. At present, the support is effective. If you want to maintain the large-scale bullish trend, the price needs to be able to go out of a higher high (120k) next.

On the other hand, the spot premium index is still at a low level, but it has rebounded. It seems that the large amount of spot supply that appeared after this wave of new highs has been consumed.

The current thinking has become very clear. As long as the price can be maintained above the middle track, it can continue to be bullish, and a false break of the middle track can be considered here.

Because there is a lot of long liquidity at the 115k position, even if the price pin breaks through the demand area and the middle track, as long as it can be quickly recovered and does not confirm the break, it is a good opportunity to go long;

But if the price finally confirms that it has broken through the middle track and the descending triangle in the figure has come out, then the large-scale bullish trend will be completely over... The short-term target will be the blue line (112k) at the bottom of the channel.

In short, trading is to gamble at a key position. The price is close to the middle track or the pin demand area, which is the so-called key position. You should gamble. At worst, it will fall below the stop loss. #山寨季來了？ #Strategy增持比特币 #以太坊突破3700 #GENIUS稳定币法案 #币安HODLer空投ERA $BTC $ETH $XRP