💡On the day of the crash, everyone was saying that the bull market was over, all levels of structures and indicators were completely broken. Although my overall position only retraced by 10%, a wave of helplessness surged up, and I felt very frustrated.
As a technical chart trader, I can only analyze the subsequent market trends based on structures, indicators, and my personal understanding. As for other aspects such as news stimulation, market manipulation, and chain explosions, I don't understand and don't want to comment recklessly. Everyone has their own opinions, and wise men see wisdom.
📌 Today, I will fully express my personal analysis of the subsequent trends of $BTC from various levels.
✅ The large-level guidance for subsequent trends, small-level guidance for trading.
📍Figure 4 - Weekly trend line. I have mentioned the weekly level before, still in a very healthy upward trend, always above the weekly trend line. This time the explosive spike to the weekly trend line started to rebound. Looking at the overall trend, you will find that every time the K-line touches the weekly trend line, it welcomes considerable gains!
📍Figure 3 - Daily level rising channel. Although the explosive spike on the 10th caused a significant spike, the daily K-line closed back within the rising channel. Subsequently, on the 11th, although there were fluctuations, it still did not break the lower boundary of the channel. The large bullish candlestick on the 12th closed forming a bullish engulfing pattern, perfectly engulfing the bearish candlestick of the 11th. As long as it does not break the lower boundary of the channel, it will continue to rise slowly within the channel, reaching the upper boundary of the channel, with the target of 130-160k remaining unchanged.
📍Figure 2 - 30-minute rising channel. The rebound from last night to today formed a small-level rising channel framework, currently hovering at the upper boundary of the channel. If it can remain horizontal until tomorrow, it indicates strong momentum. Using horizontal movement instead of falling, it will subsequently break through the small rising channel and continue to rise. If weak, it will return to the lower boundary of the channel near 111k to continue rising.
📍Figure 1 - 15 minutes triangle structure prototype, but in the triangle structure, the neutrality cannot provide clear guidance on the rise and fall. The perfect observation is whether the support level of 114.5k will be broken. If it does not break, it will meet the target by using horizontal movement instead of falling to accumulate strength for a breakout. If it breaks, it will have to return to the lower boundary of the 111k F30 rising channel.
🧐 How to handle positions bought at the bottom or positions trapped at high levels? My personal approach is to take partial profits or partially cut positions. Although from a technical indicator perspective it seems to continue rising, I always have a significant concern: this nearly 20 billion US dollar liquidation, many of the liquidated funds actually come from institutions. After liquidation, there will be a series of explosive events. The reason the market is so calm now is that they have suppressed the news while remedying the situation without speaking out. But what if the remedy fails? Multiple institutions exploding consecutively causing panic in the market is a terrifying thing! Be cautious to ensure longevity in trading. Always remember, to make money in this market, the first premise is that we must survive!
Welcome to leave a message in the comments about the varieties you want to see, let's find opportunities together!
