BTC breaks through 71,000. How do we find the turning point of the falling market, that is, the end of a downward trend, when can we really form an upward trend? Finding the turning point is what every trader hopes to find. First, the turning point has the largest space. Second, we are most comfortable in it. Third, of course, it is also the most profitable. Of course, many people in the market, including most traders, may be obsessed with facilitating market predictions.
As for predicting the turning point of the market, we often use the support level as the turning point of certain market conditions. We often say that there are lower points after lower points. You think it has reached the bottom, but it still has a bottom. There may be a first bottom, a second bottom, or a third bottom. This may lead to the possibility that you enter the market too early. If you do not manage your position well, or even increase your position against the trend, you will end up with a margin call.
This is what we often say. When the market is plummeting, positions can be liquidated at any time. Even if the market fluctuates a little, you will see a liquidation.
The pressure test position of the head and shoulders gap of Bitcoin is around 72,000. Currently, all retracements before the 72,000 gap is filled can be long. Currently, Bitcoin has returned to above 68,500, and the 66,900 long-term position has won 2,000 points.
At present, the upward channel of Bitcoin at the 4h level opens at 65281 and combines with 65591 to form a trend support, which moves to the upper high point of 69519. As time goes by, the upper trend pressure gap test position is around 70550.
That is to say, the key pressures above are 70550 and 72000 respectively. Do not make a hole before 72000 is filled.
Waiting for the last pull of 4000 points! From the technical point of view of Ethereum, the overall market is still weak, and the original triangle oscillation trend support near 2380 is accurately tested again below.
The support rebounded effectively to the current 2520. The upper left shoulder head gap parallel pressure is around 2820. If Bitcoin needs to make up 72,000, Ethereum will definitely pull up even if it is weak.
It will not exceed 2750~2820 at most. Now there is still 200 points of space from 2750, but Ethereum is bullish but not long. Wait and see Bitcoin fill the head gap and benchmark Ethereum at the same time.
Bitcoin operation ideas: 66900 continues to hold, and when it reaches 69300, you can reduce some positions and look at 70500#你问我答 #比特币布林带收窄至低水平 @币安Binance华语