Yesterday, there was no market analysis on Sunday, but the trend was the same as the previous days, constantly oscillating in a range. Yesterday, it dropped to the lower edge of the range, and unexpectedly, it surged up today as if pulled straight from the ground. During this week's oscillation, Long Ge could only stand still and take the hits. The short position near 85500 from the day before yesterday was profitable and exited, while the rest were all about earned losses and stop losses. Mysterious funds have some tricks up their sleeves.

Continuing to observe today's market, although such a strong bar has stood up, the highest point directly reached around 87600, but this position at the daily level is the pressure of the Vegas channel, and it is also the pressure of the Fibonacci 0.382 at the daily major level. If this pressure around 88000 breaks through directly, first, there needs to be a larger volume appearing, and secondly, it can only be considered a trend reversal. What everyone is looking forward to, the altcoin, might get even stronger.

The four-hour level completely fooled me. According to previous market sentiments, such a sideways movement and the MACD returning to the zero axis, the probability of a market downturn was very high. However, this wave of increase shows that there are a lot of bears in the market, and the main force is maliciously trying to squeeze the bears. From the four-hour level, this pressure is more apparent; today, we will mainly observe the breakthrough situation of this pressure.

I believe the pressure at this position will be tested several times at a smaller level. If it continuously attempts to push upward at a smaller level, there is a chance for the market to draw back to the upper edge of the lower oscillation range. If it chooses to retrace and oscillate upwards now, then the probability of breaking through will be high. This oscillating trend can be primarily observed on the fifteen-minute line. $BTC #加密市场反弹

In terms of operations, I still choose a high short strategy, because at this position, going short at high points means placing a stop loss around 88000, which has a relatively high risk-reward ratio.

Support: 86600-85990-85500

Resistance: 88000-88750-91500