Market Review:#BTC
4H, a vertical drop with a slope of almost 90°, very strong, short-term can be considered to be in the extension stage, the decline here is triggered by the 4H trend divergence of the previous trend, although the decline is fast, but the consolidation demand is still greater than the counter-trend, before this drop engulfs the adjacent pen, we can still see a daily callback, and finally form a weekly central axis before attacking.
30F, in a period of decline, there is a segment of intra-segment back, but the downward force is too strong, resulting in a divergence of the moving average. According to the standard trend here, it is necessary to form a central axis and flatten the high-level moving average before continuing to go down. If it breaks upward and does not break the adjacent pen high point, it can be bought three times without the central axis, but it is a counter-trend operation, and the profit and loss ratio is average.
Trading suggestions: The trend here has changed in the short term, and the sharp drop has led to a change in the trend direction. It is currently in a consolidation and repair period after the sharp drop. The short-term trend is not smooth, and it is not easy to find an entry point. It is recommended to wait for high-altitude opportunities at the 30F and 4H levels. As for spot, we can only wait and see. We must wait for at least one 4H divergence confirmation before considering intervention.