#BTC In fact, I think the current market trend is quite clear
Judging from the daily line, although yesterday's Yin line has begun to show some signs of decline
But I don't think it will fall straight down like this.
First of all, the stabilization point of this wave of decline is at the high point of this wave. When it reaches here, the market will start to rebound.
The rebound position is just around 0.618
It can be said that this trend is very unfriendly to bulls.
But after all, the support reference point of this wave is the previous high point
It's definitely not as effective as here
That is the 26800 I have been talking about in the previous videos.
Although I am currently holding a short position, I still think that 26800 is a very critical position.
If the price comes near here, you need to keep a close eye on it.
There are two reasons for this.
First, there is a small gap near this position of CME futures.
Second, this is also the 0.618 position of this wave of rise
Therefore, around 26800 is a key price point that deserves special attention.
To put it simply, if the price holds above 26,800, there is a possibility of further rise.
If it falls below 26800, the market is likely to test this level.
In the current market, I still think that we should not have the inertial thinking of buying when it goes up and buying when it goes down.
Today is the option delivery day. The market fluctuation is likely to start after the delivery at 4 o'clock.
Friends who have orders in hand can pay more attention to the market tonight
