Bitcoin, is it going up or down?

At present, xh has no volume, and the hy market is not active. The rise and fall basically depends on the market dominance of hy. The underlying logic of hy is "sweep stop loss" because market makers make money by sweeping stop loss + handling fees. I will explain it one by one.

In our industry, liquidity is provided by market makers. Exchanges have very high requirements for market makers. Each price level needs to provide liquidity and require buying or selling actions. And market makers need to There are "zero" handling fees for account transactions. When they are in the process of providing liquidity, as the trading volume accumulates and reaches a certain level, the exchange will give a certain proportion of settlement fees to the market makers as a means of providing liquidity. The reward for liquidity is the professional word "return". When the market maker provides liquidity, it will also generate another income, which is called taking "position", which is also the so-called "slippage", which is common in K-line The pattern is ❌ pin, especially when bulls and shorts are concentrated in stop-loss positions. It is particularly easy for ❌ pin to knock off your stop loss, which means that your order is forced to be closed, and the market maker will stop you at this moment. Eat the order, and then put it to the market at a higher or lower price, thereby making a profit

Why do we talk about the above? Because only if you understand the underlying logic can you understand the rise and fall of the market at this stage. Since Bitcoin is currently dominated by hy, it means that you can go back to where there are more stop losses. Currently, you are bullish. Most of the stop loss points are 27600 27180 26800 26450. Most of the stop loss points for short positions are 28100 28450 28650 29200, which means there is a possibility of going both ways. The high sideways fluctuations here are nothing more than wanting to accumulate more long and short positions. Stop-loss orders will start moving when they accumulate to a certain level, so the order must be placed at a cost-effective position. From the above price range, if it is close to 27600 27180, you can take a stop loss to the north, and if it is close to 28100 28450, you can take a stop loss. If you go south, don’t place an order in the middle position. Wait for the market to change before rethinking how to do it. Those who hold north orders can pay attention to the content of my previous article.