My current forecast may be different from the overall market sentiment. I am not bearish at this point.
The reasons for going long on BTC are as follows: the previous low point was broken and then quickly recovered, and it did not break smoothly after the retracement test, which proves that there must be some liquidity at this position. Another thing to look at is the state of the daily K line of the market. This kind of bottom-large-volume trading chip peak, once it does not close below the POC, will most likely be lifted up, which is the reaction force formed by the not-so-smart shorts chasing the shorts and finding that the price cannot fall and stop losses.
The same is true for Shaobing. At this position, only long positions are allowed. The three red, green and blue boxes in the figure represent potential pressure zones.
