BTC's evening thinking, the same view, before it completely stands on the resistance level of 60200, it cannot be regarded as a trend reversal. This article is actually more about teaching, explaining some terms to some novices
About key positions:
The key position is an area rather than a certain point. This is closely related to whether you draw the key position correctly or not. As we all know, the larger the level, the more effective the key position is. Therefore, when you find the key position from the daily level, you will find that it is actually a certain area that forms a pressure point, which causes the market to reverse. That area is considered the key position.
The key position can be support or resistance.
The simplest judgment method is to find the key position at the large level regardless of the market. After finding it, look back at the market. The key position above the market is resistance, and below the market is support.
The judgment method for right-side trading:
The simplest method is that when the market breaks through the key resistance, as long as the backtest behavior is carried out, that is, the market falls back to the key position, to test, as long as there is no entity breaking through, giving a bullish signal, the entry at this time is the right side trading.
Then the support around 58200 in the current market is the key position. From the small level, it is obvious that it is the long-short watershed, and it is also the resonance position of the current upward trend. Only when it breaks through can we continue to look down to 570 550, eat one bite at a time, watch the market step by step
