BTC Comments 8/9:
- D1 Frame: After increasing from 54x-62x. BTC according to 1D frame seems to be heading towards 63500.
- D4 Frame: today started a new D4 candle, yesterday's D4 pulled the green beard and closed a super beautiful hammer candle, signaling a clear reversal if the next D4 closes above 65000.
- W1 Frame: is very beautiful, however today is only Friday. A bit strange, normally the reversal and pulling the beard will happen at the end of the week, everyone pay attention, still have to monitor how the W candle closes, otherwise it will be too cruel to turn around and close a red candle.
- W2 Frame: although the green beard is being pulled very beautifully, the W2 frame indicators have not yet broken out of the long-term downtrend. Still have to monitor more, everyone.
=> My opinion: we still don't know if there is an uptrend or not, however, this is a very large recovery wave (from 49k-62k).
And in this case, we can clearly see that with the price increase of more than 10% yesterday, BTC will have a correction to the 60x-61x zone. It can jerk to the 59800 zone.
So we will closely monitor the support level in this zone to see if BTC can hold on in the last 3 days of this week.
My strategy is to short the ~62 zone, sl the old peak of 628, and take Long in the 60x zone, sl 59800.