$BTC #币安广场2024创作者年度奖
Hello everyone! I am Shihun.
Today I will analyze the market of the Asian session.
Technical aspect: Yesterday morning, the price of the big cake fell by about 1,000 points, but as shown in the four-hour level big cake chart, the decline here is still moving in the range of the triangular wedge. This wave of decline in the early morning can also be regarded as a second wave of callback. At present, it just stepped on the support range of 0.382-0.5. It is possible to take the support here and then go up (provided that the closing price at 12 o'clock is still in this range).
What if it falls below the range of 0.382-0.5? Then the price of the big cake at 57,600 near the golden ratio point of 0.618 is likely to be unable to hold up. Then the previous order at 53,600 is basically difficult to receive, so don't hang it.
Idea: First, observe whether the support around 58500 at 0.382-0.5 is effective, and whether a market order can be placed (here you have to wait until 12 o'clock). Secondly, if it falls below 0.382-0.5, the support of 57600 at 0.618 may not hold, so place an order for insurance.
Place order: continue to place a short order at 62200, place a long order at 57000, and stop loss at 56500.
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