2025/2/6 Bitcoin trend review:
After falling to the bottom of the range on the previous day (5th), the price rebounded. The market was once in a narrow upward channel, always in long. The best entry point for swing trading is above the 5th big Yang line (marked by the arrow), and use the buy stop method to enter the market and go long. The 5th big Yang line has a large body, no upper shadow, strong bullish power, and it is a continuous Yang line (from a larger time period), breaking through the moving average, which is a very good entry signal K. It is reasonable to enter the market at the market price or buy stop.
Another entry position for going long is above the Yang line when it pulls back to the vicinity of EMA. When I looked at the market yesterday, it was just around the closing of the 36th K line. The market was in a narrow channel and the market price entered the market to go long, but later the price paused near yesterday's high and closed the Yin line, so the position was closed. It was a capital-protecting transaction.
Subsequent swing trading opportunities are at the 52nd and 59th K-lines, which have continuous insidious closings below EMA20. It is a good entry option to hang a sell stop below the 52nd K-line to enter the market and short: the price has obviously formed a range, and within the range, the high short and low long, the winning rate and profit and loss ratio are on your side.
The 59th K-line is also the opening time of the US trading time. The bulls exerted upward force but failed, and instead harvested insidious with a long upper shadow. The price has not been able to stand above EMA20. Every bullish breakthrough (referring to the previous K high point and the breakthrough of the moving average) has no good follow-up. It is not reasonable to go long. Then the 59th K-line is a good short signal K. Hanging a sell stop below it to enter the market and short will be a good swing trading opportunity. I saw that the short force of Ethereum was stronger, so I made a short order of Ethereum last night and closed the position when the stop loss was obtained.
Looking at the overall trend from the other side, the price has clearly gone out of the characteristics of the oscillation range: big ups and downs, from a larger time period, the big Yang line is shorted, and the big Yin line is bought. The upper and lower boundaries of the oscillation range are also very obvious, from the lower 96150 to the upper 99150, the fluctuation of 3,000 US dollars, 80% of the breakthroughs in the range are failed, or 80% of the breakthroughs have no good follow-up, so high-altitude low-multiple in the range is a good choice
