Yesterday morning, Bitcoin started a wave of gains after the correction hit around 35,600.
Although I did both this wave of decline and this wave of rise, I ran away halfway and did not get to the bottom.
Although it is a little regretful, I think this is a transaction, and transactions are never perfect.
Let’s look at the trend of Bitcoin. From a 4-hour perspective, we can clearly see that
The current market is still within the convergence pattern I mentioned in the previous video.
Although this wave of rise has broken through the high point here,
But it is still under pressure at the 37500 level, and there is nothing too special about it.
If we calculate from the high point of this wave,
Three waves of turbulent market conditions have emerged here.
At present, I feel that the shock has come to an end, and in terms of time, it is also the end of the month.
Well, I think it’s time for this artificial calf market to come to an end.
From my personal subjective judgment, I think there will be a rising trend.
Especially combined with the news about Binance and CZ in the past two days, this feeling is even stronger.
When this news was released at this time, I think it was a signal that the main force was about to end the market.
So from an operational point of view, it can still be short here.
Then near 3W6, consider closing the short position and opening a long position.
Although the shock has come to an end, as long as the K-line does not show a breakthrough attitude,
Then we can still do short-term operations cautiously
In the following short-term, whether it is long or short, stop loss must be strictly set.
The dividing line of shock here, I currently think is,
If the market breaks through 3W8 upwards and can stabilize above 3W8,
Stop the short loss and leave the market, and observe the breakthrough of the previous high of 38500
If the market falls below 3W5 and cannot recover, stop the long order and leave the market.
Watch the defense at this low point
In fact, to put it bluntly, it is very simple. Use this range as a framework to observe whether the market is a true breakthrough or a false breakthrough.
The current Bitcoin market is still manipulated by various messages released by the main players.
Regarding the news about Binance and CZ, I have been observing the sentiment on Twitter in the past two days.
I found that when the news first came out, everyone was panicked
The majority of people think that there may be a collapse. At this time, there are many people who are short selling and chasing short positions.
Then there was a comment that the hidden mines in the currency circle have now been cleared.
Then Bitcoin can rise without any scruples.
Then the people chasing shorts here become fuel.
Let’s not think about what will happen to Binance and CZ in the future.
After this wave of news came out, the emotional guidance
You can feel that the main force is preparing for the final performance.
During this period, ETF news has been repeatedly used to conduct PUA on the market. Many retail investors have been numbed by PUA.
The enthusiasm and sensitivity towards ETF news are no longer so high.
Then the main force will release some new news to affect the emotions of retail investors from another direction.
Binance’s hidden dangers have been resolved, and there are no hidden dangers in the currency circle.
The time for ETF approval is approaching, and the violent bull market is about to begin.
If you don’t get in the car, you won’t be able to get in the car.
I think this is the emotion that the main force wants to convey to retail investors
There is a high probability that one or two big positive lines will pass later, completely igniting the emotions of retail investors.
Pushing this wave of artificial calf market performances to a climax
Then as the climax comes to an end, all that will be left behind is a pile of chicken feathers.
Of course, the above is just my subjective conjecture.
You can just listen to it as a story and go there
But when opening orders and doing transactions, you must be cautious and cautious.
Don't be one of those short sellers who died before dawn and became fuel for Dog Farm.
