On the weekly chart, 6-4, it may take several months; the following months may be influenced by some macroeconomic factors or black swan events that could cause a drop.
Daily chart: The downward move on the daily chart has not yet completed, and it may end around 8-7.3.
After the daily downward move ends, it will continue to rebound upwards, ultimately looking to see if it can break 100,000 and form a larger level increase to 12-15. If it breaks 100,000, then (weekly down, 6-4) will not hold; if it does not break, we will continue down to 6-4 on the weekly chart.
Operation suggestions:
Daily chart: Hold short positions at 10-10.5.
Reduce positions at 8.5, exit at 8-7.5, stop loss at 9.85.
Short aggressively above 11.5.
4H: Short at 9.73, reduce positions at 9.3, exit at 8.8-8.5, stop loss at 9.85.
$BTC 4H: Short around 9.73, you can exit below 9.3 in the short term, and if you hold it for a longer period of time, you can wait until 8.8-8.5 to exit.
$BTC Check-in 8/7.5 (5-4) Day 19 Now Btc price is 9.3 What is coming will come. It has been a long time since 10.8 to 9.3
There are two possible trends on the daily line
The first is that the bottoming is almost completed, and the shock goes up and breaks through 9.8 to end the adjustment of these days
The other is that the falling relay is ready to accelerate the decline at any time
Normally, it only needs to reach 8.7 or below to be considered the end of the adjustment, but today's high point of 9.6 to around 8.7, this decline should not be able to fully summarize the acceleration stage
3 days from 10.2 to 9.1 is already very scary. The acceleration stage should not be weaker than it, then it is very scary to think about it
$BTC opened the daily line below 108000, and has made three upward and downward movements in the 4H structure, forming a consolidation center between 91500 and 100000. Since the fluctuations have continued until now, it should be close to an end. The pressure at 100000 is relatively high. This 4H may not touch the upper edge of the consolidation center near 100000, as long as it has reached the upper edge of the consolidation center around 98000, this 4H can be considered complete.
On the daily line, from 108000 to 91500, the rebound levels are 0.382 (97949), 0.5 (99938), and 0.618 (101927). Currently, it has rebounded to 0.382, and the best rebound level is 0.618. However, if this position breaks through 100000, it will break the consolidation center, which has a high probability of continuing to rise, so I personally do not expect it to rebound to 0.618 (101927).
The previous 4H short position at 98000-100000 hasn't prompted an exit even if it falls to 91500, and there have been no losses so far. Based on the comprehensive analysis above, decide for yourself whether to stay or leave, after all, 0.5 (99938) and 0.618 (101927) may be reached, and it could even lead to a significant rise that results in stop-losses.
Personal opinion
4H Continue to hold. For those without positions, the 98000-100000 range is still a good entry point. This is the fourth reminder to enter above 98000.
$BTC clock in 8/7.5(5-4) Day 7 Now the Btc price is 9.
Those who are bearish are suffering and waiting for a significant drop, it's uncomfortable, while those who are bullish are continuously declining, which is even more uncomfortable.
So no matter if you are bearish or bullish, those who find faults will always, always find faults.
$BTC Cherish the opportunity to short close to 100,000
There are only 4 trading days left until the annual and monthly closing, let you see the 90s again, before the year-end closing we will see the 80s, and when closing it will probably also be in the 80s
$BTC Early, check-in 8/7.5(5-4) Day 1 Now the BTC price is 9.95
I want to directly check in at 5-4 [Yunbei], but it seems a bit far away and full of uncertainties, and ordinary people might find it unbelievable and easily criticize it, so let's check in at a closer position first.
The main altcoin season hasn't come yet, and I'm worried that 8/7.5 might trigger the altcoin season. I am more optimistic about it starting the altcoin season when it reaches 5-4, as that would allow for a broader time and space. I believe there will definitely be an altcoin season, but it's hard to determine at which point it will start.
$BTC 10.8 should be the top of this round, and the daily line will start to pull back. See 80,000/7.5 at the end of the month or the beginning of next month.
If the situation is worse, it may go to 50,000-40,000 in the first half of next year.
The counterfeit spot should run away, so as not to be hung on the top of the mountain like in March.
You can choose not to trade contracts, and I also do not recommend you to trade contracts. The overall trend turning bearish is merely a personal opinion.
Even from a bullish perspective, given the current level of the market's rise, even if you are optimistic about the future, you should still guard against risks, reduce your positions to protect some profits, and avoid fantasizing about selling at the highest point; otherwise, unrealized gains are just a cloud.
Do not let FOMO emotions influence you to chase high prices.
Most people are buying altcoins in the spot market; currently, when Bitcoin drops by 5%, altcoins may directly drop by over 10%. If Bitcoin drops by over 10 points, altcoins could drop by around 30 points. From the perspective of waiting for a buying opportunity when optimistic about the future, many altcoins might have lower entry prices compared to chasing high prices if you are patient.
For example, after the reminder to reduce positions the night before, most altcoins did not continue to rise that night; instead, most of them dropped yesterday. Of course, some might miss out on significant gains. But some might find that waiting could mean a significant portion of the rise has retraced. At that time, if you are optimistic about the future, entering then would be more comfortable than chasing high prices.
$BTC Any currency that reaches a new high, when there is no estimated resistance above it,
integer levels can be used as reference resistance.
If it breaks 80,000 directly without any obstruction, then the probability of facing resistance at 90,000 will be very high.
Within 3% of the level can be a resistance level, most of the time stopping before the level. A few strong cases may break the level, but then there will be a few days of pullback.
So, spot trading must pay attention to reducing positions, especially in altcoins. #比特币btc