It looks very strong at the moment, but in fact it is only a few hundred points. The short position near 25800 is still very good. 25200 will definitely fall below in the next two days. Buy the bottom near 21400. Come on, wait for the verification step by step.
After BTC fell below the lower track of the descending triangle, the price clearly accelerated. Generally speaking, a big rise and a big fall are followed by shocks. Naturally, there will not be much fluctuation in the white market today. There is a high probability that it will fluctuate in the range of 25800~25200. Intraday short-cycle trading should be carried out around this range. When it reaches 25800, it is short, and when it reaches 25200, it is long.
However, the short-term support of 25200 cannot be held, and it will definitely continue to fall below in the next two days and then continue to accelerate the decline.
It was too conservative to say that it was too conservative before Friday. It dropped 2,000 points in one day. The low K 4 hours ago had already fallen below, and panic has spread.
The trend of BTC has been relatively stable in the past few days, with no major fluctuations. A descending triangle convergence pattern appears at the four-hour level, which is a positive bearish signal.
There will be a big downward movement before this Friday, and there should be 2,000 points.
The stable short selling area can be placed near 27500~27700.
Bitcoin closed a doji after a four-hour negative line. In addition to the high point of 27500 in the previous two days, the breakthrough has now been converted into support. There is still resistance. Shorting near 28400 is perfect, but the profit stop is not that surprising. It is a small profit. Slip away.
People who went short at 27,500 are indeed fierce. There are also people who talk about liquidity drying up and unable to rise at all. They even started to go short at 27,000. I would like to call you a strong man.
There is nothing to say today. Except for a rise in the early morning, the white market has been fluctuating slightly. The suppressive power of the previous high still exists, so we must pay attention to the missing market in the evening and early morning.
The operation is also very simple. 28300 is put in short position to sleep, the loss is 28600, and the target is 27500.
#BTC Looking at the 4-hour trend of BTC, the price has broken through the upper boundary of the wedge shape on May 15, and has been confirmed by stepping back. From the perspective of continuity, the process of rising slowly at first and then accelerating has strong continuity; on the contrary, it accelerates first. The post-shock process often has poor continuity. Obviously, BTC currently falls into the latter category
The pattern of three yin swallowing one yang is definitely not strong, so it is only a matter of time before it continues to retrace downwards to find support. A small retracement indicates a strong level; a large retracement means a greater probability of mid-term shocks.
Here is a reference range, which is around the early shock low of 26,700. 618 and the lower boundary of the wedge form a resonance support of 26500.
Then the operation is very simple. It is recommended to enter the market with long orders near 26750~26500, and the target is 27500~27700#ETH .