$BTC Yesterday's pin bar was terrifying. The next trend has two scenarios from the market maker, as follows:
【Today's Market Analysis - BTC - 12.6】
For technical analysis learning only, not as an investment opening suggestion. Profit and loss at your own risk.
1. Daily: As mentioned in yesterday's report, it surged to 100,000, what’s meant to come will come. Yesterday's report formed a huge pin bar. Without position management, it went back to zero before dawn last night. But this pin is a good sign; it's the pattern that a bull market should have. The bulls have cleared out, making it easier to push up. The current price is at 97X, with the extreme pullback at 95, and it might not even reach 95. The first resistance above is 999, and a breakout will take it to around 104,000.
2. 4H: The current position at 97X is crucial and should not be broken. If it breaks, it will go to the extreme pullback position, and if it breaks that, it will go to 92. However, currently, there is almost no bullish liquidity, and no one dares to go long. In this situation, the scenario is a quick surge to hit the bearish liquidity while the bulls have no time to react. But please note, if the market continues to fluctuate for a longer time, there might accumulate a lot of bullish liquidity, and the price will go down to around 95 to gather funds.
3. 15min: A friendly reminder, the price must surge quickly; a slow rise is just a trap to trick you into going long (the candle that just opened at 9:15 is a trap candle), and then it will drop to hit your stop loss. Currently, price and volume are in a sideways trend, and the bearish momentum remains high due to last night's pin bar. Wait for the bearish momentum to gradually decrease. Just focus on the scenario.
Intraday trading strategy: Stay safely out of the market, bet on the crazy pullback to go long, and hedge with long and short positions at the current price, waiting for the scenario to unfold, then let the profits fly.
