$BTC A week has quietly passed. This week, some people are happy, and some are worried. From last August to now, it can be said to be the best week, and also the best period for market sentiment. From the ups and downs on Monday, we locked in the fluctuation. It’s not so much about doing well, but rather that we planned in advance, locking in high and low points, and following the trend of selling high and buying low. Up until Thursday this week, the fluctuations have been quite good. When the one-sided breakout pattern appeared on Friday, we publicly alerted everyone to short and encouraged chasing the shorts. Overall, it has been quite good. Following the rhythm and finding your own pace will make it very easy.
Over the weekend, many fans told me they were making a bamboo shoot trade, saying my bearish view was incorrect. To be fair, I really think it’s unnecessary. I closed out all three of my shorts. You insisted on forcing a trade in the early morning during the last strong wave, and even after the last dip, I clearly stated during the live broadcast that the trend was nearing its end, and the remaining space was expected to be limited. If possible, don’t trade; if you must, do so with a small position. It's still the same saying: follow the one-sided rhythm, and don’t fear the points. If the points are too favorable, then there’s no meaning in trading on a one-sided basis.
In terms of technical form, this week can be said to have fluctuated for four days. In fact, during these four days, I have repeatedly told everyone that it is still a process of choosing a direction. As for why, it is still the technical point of correction I mentioned earlier. On Friday, there were two technical points: the first was the continuous retracement testing of the low points, and the second was breaking the range. This indicates that the direction has emerged and the breakout is happening, which is why there were three alerts to short at any point.
After the fluctuation, the weekend fell back into oscillation. In fact, this kind of fluctuation cannot complete a trend reversal; it is just that the short term still gives confidence to the bulls. The trend remains bearish, and this hasn't changed significantly. After all, the daily candles have already opened in a consecutive downtrend. Therefore, after the weekend's oscillation ends, next week will still need to start a second dip, and this adjustment is expected to reach around 113000. Thus, during the weekend's oscillation, it's still advisable to look for high points to position for short-term and medium-term shorts, focusing on tracking around 118400-116300.
On Saturday, focus on short positions around 118200-118700, with the target around 117000. I won't provide too many ideas for now, as the article has a relatively long lag. Just make layouts based on the intraday patterns.#BTC走势分析
