Hello everyone, this is Teacher Xiao Zhi. Today we are going to formulate a new BTC plan.
First, starting from a smaller time frame, let's look at the 1H level. BTC continues to follow a downward trend. If it rebounds above 108600, we can say that the downward trend in the smaller time frame has ended. Then below 108600, we will see if this trend can continue to move south.
Now, let's look at it from a larger perspective, which is the daily level. The current upward momentum is strong. Looking back at the last three candlesticks, they are all bullish candlesticks with increased volume. How do we determine when this trend has ended? If a solid bearish candlestick breaks below the 106000 level, we can conclude that the upward trend on the daily chart has ended.
When we trade, we must follow the principle of going with the big trend and against the small trend. Currently, it is the weekend, and the US stock market is closed, with the market primarily fluctuating. At this time, it’s not ideal to enter long or short positions. Yesterday, during the live broadcast, I provided detailed analysis and suggested reviewing the playback, patiently waiting for trading opportunities…
