BTC breaks through again! ! !
The annual and quarterly dimensions have deviated very high from dVAH, and the space of 70,000-80,000 has also opened up. There is no resistance to refer to upwards.
Let’s look at the monthly dimension first:
We need to make some preparations for possible risks. We have mentioned before that if BTC breaks through ATH again and flies straight to the sky, it will be a proper upward breakthrough; but if it breaks through ATH and does not fly very far, and at the same time there are a large number of retail investors pursuing the bullish position, there are certain hidden dangers. , there will be an AMD expectation.
Take a look at the handicap data:
After breaking through the previous high, the overall position is increasing
But CVD is declining
This shows that retail investors are actively shorting after the breakout. This does not meet the above conditions we expect from AMD.
If you don’t have a position yet, take a look at intraday trading opportunities:
Near 70300, it is the key K line for the 30m level to break through and rise. It is also the one with the largest volume, leaving one nPOC.
This POC happens to coincide with the previous high point
If you pull dPOC up after a few hours of consolidation, and if it retraces to this position, it will definitely be a good support position, and you can take the long position.
In the monthly dimension, the trading plan remains unchanged. We have to wait for a red pillar with heavy volume and a fall back. Before it appears, there is no reason to short. Once it falls back down, there will be a lot of room for retracement, and it may be the last opportunity to build a position before the bull market.
