张同学121
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Bearish
$BTC Evening Viewpoint:
Looking at the chart: The yellow bullish trend line drawn on the hourly chart of Bitcoin has been broken. Without recovering above the trend line for consolidation, Bitcoin can only continue to test stronger support below. If it can hold, it will begin to consolidate and choose a direction.
I originally thought Bitcoin would go through a consolidation after a drop above the yellow bullish trend line, rebounding slightly before falling again, but I did not expect Bitcoin to drop directly without any hesitation.
Now this yellow bullish trend line is the resistance level for Bitcoin. If it retraces to the yellow trend line, can we open a short position? Of course, opening a short position in front of the resistance level is reasonable, even if it triggers a stop loss.
Based on the current trend, Bitcoin is very likely to test the Fibonacci 1:1 position, which is marked by the right yellow box at 111866. Once Bitcoin retraces to this position, it will form a double bottom pattern with the previous low of 111850.
If it really retraces to this position, Bitcoin will also stop falling and start to oscillate around 111866, choosing whether to go up or down. The area around 111866 is also a position worth betting on for long positions, so be cautious and set your stop loss. If it breaks below and cannot recover, you must stop loss; draw it on your chart.
🌴
Bitcoin breaks through 115213 with volume, enter long for a rebound; if it breaks below 114626 with volume and cannot recover, enter short. Set a proper stop loss.
If Bitcoin stabilizes above 115655 on the hourly level, look upwards at 116362-117080. If it stabilizes at 116363 on the hourly level, it will stop falling.
On the 4-hour level, if it breaks below 114625, look down at 113520-112611-111896; the previous low is approaching.
Continuing to observe the chart: The box drawn on the daily chart of Bitcoin has also been broken. If it cannot recover to consolidate within the box, Bitcoin is beginning to show weakness on the daily level.
The most effective support on the daily level below is at the position indicated by the right yellow arrow at 111937; this is also a critical neckline for Bitcoin on the daily level. If it breaks below, watch for 107326. If it breaks below 110,000, then everyone will suffer together! This is the answer I can currently derive from the market; pay attention to changes in volume. Meeting adjourned.
$BTC
#币安HODLer空投PLUME
Looking at the chart: The yellow bullish trend line drawn on the hourly chart of Bitcoin has been broken. Without recovering above the trend line for consolidation, Bitcoin can only continue to test stronger support below. If it can hold, it will begin to consolidate and choose a direction.
I originally thought Bitcoin would go through a consolidation after a drop above the yellow bullish trend line, rebounding slightly before falling again, but I did not expect Bitcoin to drop directly without any hesitation.
Now this yellow bullish trend line is the resistance level for Bitcoin. If it retraces to the yellow trend line, can we open a short position? Of course, opening a short position in front of the resistance level is reasonable, even if it triggers a stop loss.
Based on the current trend, Bitcoin is very likely to test the Fibonacci 1:1 position, which is marked by the right yellow box at 111866. Once Bitcoin retraces to this position, it will form a double bottom pattern with the previous low of 111850.
If it really retraces to this position, Bitcoin will also stop falling and start to oscillate around 111866, choosing whether to go up or down. The area around 111866 is also a position worth betting on for long positions, so be cautious and set your stop loss. If it breaks below and cannot recover, you must stop loss; draw it on your chart.
🌴
Bitcoin breaks through 115213 with volume, enter long for a rebound; if it breaks below 114626 with volume and cannot recover, enter short. Set a proper stop loss.
If Bitcoin stabilizes above 115655 on the hourly level, look upwards at 116362-117080. If it stabilizes at 116363 on the hourly level, it will stop falling.
On the 4-hour level, if it breaks below 114625, look down at 113520-112611-111896; the previous low is approaching.
Continuing to observe the chart: The box drawn on the daily chart of Bitcoin has also been broken. If it cannot recover to consolidate within the box, Bitcoin is beginning to show weakness on the daily level.
The most effective support on the daily level below is at the position indicated by the right yellow arrow at 111937; this is also a critical neckline for Bitcoin on the daily level. If it breaks below, watch for 107326. If it breaks below 110,000, then everyone will suffer together! This is the answer I can currently derive from the market; pay attention to changes in volume. Meeting adjourned.
$BTC
#币安HODLer空投PLUME
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.