$BTC Daily Line Major Direction Analysis, How to Operate Long and Short
1. The first one marked in the chart is the liquidation chart. You can pull open the liquidation chart from January to March, and you can clearly see that there are a lot of short positions around 110k (very many), and combined with market sentiment, everyone actually feels no FOMO at all, all thinking of shorting as this is the historical peak. If you are the main force and see so many short positions here, if you still have goods in hand, would you pull it up a bit to let them eat all your goods (leading to short position liquidation)?
2. This is the current daily line chart, and currently it is a weekly line that is very clear above. It has been moving up and down (this down is currently happening). Combined with Chart 4, you can see that BTC has made two tops and bottoms, each moving in three upward or downward daily line segments (red ⭕) to determine the tops and bottoms, while the last top and bottom have all removed the new high/new low. (Currently, only two upward movements have occurred)
At the same time, the daily line has not yet completed the downward movement, but from the volume perspective, it is indeed not much (red arrow), and there is a high probability of divergence occurring. At this time, we still handle it based on the principle of not breaking below 100k.
3. Chart three continues to delve into the 4-hour chart. Here, the 4-hour chart has already shown a decrease in volume, and the downward momentum is weak. Once this 4-hour downward movement is completed, we can start to go long!