Bitcoin has suddenly faced a double major negative situation, and yesterday's sharp decline left the previously excited bulls completely stunned.
However, I believe that the recent large fluctuations in Bitcoin present a super opportunity for contract trading. If operated correctly in the last two days, the contract account can multiply tenfold.
So today, let's focus on explaining this great trading opportunity. How should we operate? Actually, it's very simple: if there is a continued sharp decline today and tomorrow, go all in on buying. If it rises again next week, go all in on selling. This may seem like a very correct but useless statement, but once I clarify the technical characteristics of support and resistance, everyone will indeed feel it is a great trading opportunity. Now, this is the 4-hour trend of Bitcoin. Although it seems that the current bullish trend is still stable, it is actually hiding dangers; the struggle between bulls and bears is about to enter the final life-and-death stage. Currently, Bitcoin's first line of defense at the hourly level is experiencing fluctuations. As bulls, we need to closely observe two points tonight.
First, will there be a small double bottom here, making the support effective? Second, a bottom divergence has appeared at the 15-minute level, so we will see if this bottom divergence can steadily break through the trend line's resistance and create a small bullish trend. Now is a short-term opportunity to make a small buy; we can use the double bottom support as a stop-loss level to test it once. However, if luck is not on our side and the stop-loss is hit tonight, that's okay; there will be larger buying opportunities below. This is the two solid defenses of the 4-hour bullish level. If it really drops to this level in the next two days, everyone should not hesitate to buy aggressively; there will definitely be a significant rebound. Next week, if it just rises a bit, your contract account will double, and I’m not exaggerating. Everyone is welcome to come back next week to see if I’m right. vvvvv bityangming