$BTC Market analysis

Trading combines knowledge with action. Those who have been following us should have seen that my analysis of the recent short-term market has always been to place a stop loss near 24500-25200 to go long. The fact is that I placed the call at 24801. I was also worried that I might not be able to receive the integer position at 24800, so I deliberately placed $1 higher. Unexpectedly, the difference was $87, and I completely missed this round of rise. However, it is not a big problem, so I have to have a good attitude. , continue to look for the next opportunity, and the market analysis begins below.

1. It can be seen that after the last round of CME gap filling, the price moved downward to the last higher low position in the previous round of rise. This position formed a strong support, and the price immediately began to rebound in the past few days. Then Will there be a price reversal and a continuous upward trend?

2. Judging from the daily level, it is still in a downward channel. At the same time, we can see that the lows are getting lower and lower (LL) and the highs are getting lower and lower (LH). Therefore, this wave of short-term longs can only be Taking profits from the short-term rebound, the price behavior is a spring effect, so the risk of going long is relatively high. If there is a profit order, try to make a protective stop loss.

3. Then the possible position of rising resistance is currently within the 27000-27500 range (the lower edge of the channel). If 28300 is exceeded, LH will be reversed, and the market will have a chance to complete a reversal, but currently it is still between 27000 and 27500. 27500 is more likely to fall back when encountering resistance.

4. Binance Perpetual has a large amount of fund liquidation at 26950 and 27442. Through the market order and the price action analysis we did above, we can draw a conclusion.

There is a high probability that this round of rebound will fall back around 27,500. I don’t need to go into details on how to operate it. You are responsible for your profits and losses, DDDD.