Yesterday, the downward trend that Long Ge was expecting did not continue, and the drop was not smooth at all, falling for a whole day, with the lowest point touching around 84300. There is insufficient liquidity, and the daily range has now only about 1000 dollars of space.

From today's daily chart, the market is testing the support of the 5-day moving average, while the 10-day moving average is just about to catch up. The next target is to challenge the resistance of the 60-day moving average together. If this challenge fails, it will form a death cross as the 5-day moving average crosses below the 10-day moving average. At the same time, the MACD at this position is also facing a choice between a downward death cross or crossing above the zero line.

On the four-hour level, the MACD still does not show any significant upward turn, so Long Ge believes that without a clear direction on the four-hour chart, I am still looking downward. The four-hour chart has been supported by the upper Bollinger band, which is a good sign, but if it oscillates in this area for too long without continuing to strengthen upwards, it will reverse and drop sharply, as a lot of long positions have accumulated here (with no retail investors following, why would the manipulators let you make money?).

For intraday trading, those with a strong stomach have already made profits. High-frequency short-term operations have been comfortable today. From my moving average indicators, they have already converged, so the next step is to choose a direction. Here, pay attention to whether the MACD can turn from below water upwards. Generally speaking, weakness in the one-hour level will gradually lead to weakness in the four-hour level, so we need to see if the upcoming market can continue strongly.

In terms of operations, my short position has not exited yet, but Long Ge is also human and can be influenced by emotions. To be honest, the high-level sideways movement and the hesitant drop over the past two days, along with the smooth rise, have made me less confident in my own judgment. However, since it hasn't reached the stop-loss point, I'll hold on and just follow the trading system. $BTC #特朗普施压鲍威尔

Upper pressure: 85300-85800

Lower support: 84400-83700