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Yesterday saw a slight increase in volume but failed to break through the heavy pressure at 92000. Today, we need to see a pullback, with the first support level to watch being 89500.
Once we reach the 89500 area, we can consider buying, with the upper target initially set at 91200.
The battle between bulls and bears is getting closer, and the dividing line for this rebound can be set in the area of 93500.
Currently, from the 4-hour chart, as long as it successfully breaks through 93500 and stays above it without dropping below, it can confirm the structural reversal into an upward structure, with an initial target set at 100000.
If it falls below 88500 again, then it's time to short at higher levels.
BTC has not reversed from the hourly level; this wave of channel rebound has failed to break through, falling below the retracement and continuing to decline, with expectations of entering a new downtrend channel.
Currently, there is a small-level oversold rebound on the 15m chart. If it cannot break through 92000, it will continue to fall; let's first look for a test at 88500 below.
If it breaks and stands back above 92000, we can observe the pressure situation at 93500.
This is still being held, currently the average price has reached 95600, still the same, only if 93500 breaks will I consider making a defensive space.
公子辰
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Bottom fishing! Bottom fishing! Bottom fishing!
Important things are said three times; this time the target is 110000.
Start gradually building the cabin, 93500 as defense.
From an hourly perspective, the bulls' efforts to reverse have not yielded results, while the bears' momentum is even stronger. Today's direction is still primarily towards a rebound in short positions.
The opportunity at 103000 is directly available for entry.
The market will not suddenly reverse when it is at a high. Usually, it will first leave a long upper shadow K (the final sprint of bulls); the longer the shadow, the heavier the selling pressure, indicating that the main force starts to unload in that range.
Next, a engulfing K line completely consumes the previous bullish line, market sentiment shifts from 'reaching the peak' directly to 'counterattack'.
These two K lines together represent a typical 'test the peak + reversal confirmation' structure.
Entry strategies can be divided into three steps:
Entry 1: Look at the big picture and act small; enter when the price structure breaks in the intraday window, which has high cost-effectiveness.
Entry 2: Wait for the next K line to approach the opening price of the engulfing K line before entering, confirming that the signal is recognized by the market, and then enter with the trend, which is less likely to be tricked by false signals.
Entry 3: Enter after breaking the low point of the engulfing K line; this is the safest method, but the cost is earning a little less.
The three methods have no advantages or disadvantages; it's just a matter of different risk preferences. Regardless of which method is chosen, the stop-loss should be placed at the highest point of the engulfing K line.