From the analysis of the 4-6 hour indicators, $BTC is expected to rise further, but on the hourly chart, it is currently in a small range of fluctuations after today's rally, releasing bearish energy. Therefore, for now, we should not enter long positions. Additionally, the 15-30 minute indicators show a downward trend in fluctuation, releasing the indicator space from the previous rally.
In such a market situation, we should adopt a wait-and-see attitude towards both long and short positions. Do not engage. The overall trend is upward, but the short-term indicators have not formed a wave upward trend. Shorting goes against the larger trend, and since the market is currently fluctuating to release indicator space, it is not suitable to short. Therefore: wait and see.
Also, pay attention to the K-line trend. If the resistance breaks and turns into support, then there is a chance for the market to reach around 1157 (wave trend).
Combining the above:
1️⃣ For those who like to place orders, place a long order at 115800 (whether it gets filled is another story, but resistance turning into support, with a larger trend upward, if it breaks down, then no).
2️⃣ For a trending approach, directly enter long at 116600, with a stop loss set at the resistance turned support level of 115700 (200 points down).
3️⃣ Sleep and set an alarm for 4 AM (when US stocks are closed), and check the market and indicators at 6 AM and 8 AM. These times are likely to see a wave in the market. Look for opportunities to enter (with indicator analysis techniques).
4️⃣ Don't waste time staying up all night waiting for market movements; waiting can be very unproductive. Learn to enjoy the joys of the crypto world (there's a chance you might wait for a wave in the market).
5️⃣ Many people really feel the pain of missing a wave in the market. It feels like losing a hundred million, so they spend all day in the crypto space, with panda eyes from looking at screens. 😂😂😂
Personally, I prefer 3️⃣, engaging in contracts; seeing is believing. What you see with your own eyes is more reliable, and the entry points are more perfect, making you feel more comfortable.
