Daily Market Analysis in the Crypto World (4.5)
Summary:
$BTC Currently, the overall 4-hour trend is still viewed as a central expansion structure. The white part of the image below illustrates the type of 4-hour wave analysis. The upper range has always been mentioned as the first target zone for a rebound, which is between 85300-86000. This range can be held to make a pullback trade, just wait for it. If it comes, take action. The support level below, mentioned yesterday and the day before, is 81400. We have already made two rebound contracts at this level. For today, the first resistance level is 84500, which failed to break through twice yesterday. If it doesn't break, we won't look at 85300-86000 for now. Next week, we need to pay close attention to whether we can hold above 85300-86000. If we can hold above, we can look at 88500. If we cannot break above 88500, it will be a standard 4-hour three sell signals. Regardless of whether we reach 84500, 85300-86000, or 88500, if a pullback starts, the target below will be 82500. If we reach this level, it can still be used as a support level for a rebound. If 82500 does not break, we look upwards again. If it breaks, we can still make a rebound at 81400. As long as the market does not break out of the up and down consolidation zone, the strategy should focus on fluctuations. Trade where it comes, rather than guessing long or short in the middle. Currently, as long as the position at 79000 does not break, the expectation for 91000 can still be seen. Now there are two market scenarios: First, if 81500 does not break, the expectation for this month is 92000, with an extreme target of 98500. Second, if we take the large range of 78000-81000 as the starting point, then the maximum expectation for this month is a small rise to 91000. Currently, the overall trend is still leaning towards bearish, and the probability of the second scenario is much greater.
Summary: Understand well, the expectations of the big direction and the short-term up and down targets are completely unrelated. Distinguish clearly the level of your own trades. If you are trading on a 4-hour basis, then it is a 4-hour level. What is the use of looking at 5-minute candlesticks on a 4-hour level? I provided three pullback levels above and two rebound levels below. Trade at whichever position comes. It's clearly stated in yesterday's message, yet some people say they don’t understand. Don’t understand? Then what can I do? If you can't even feed yourself, what else can you do? Go home and farm.