$BTC

Callback to where?

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BTC rose to around 66042 this morning and there was a lot of selling pressure, mainly at the intersection of the two trend lines. At this level, more people took profits or went short, so there was selling pressure.

At present, we can grasp several lower positions after the callback, near the trend line, 62360 and the red box trading intensive area, there is a chance for a rebound.

Overall, it should fluctuate in the range of 62000~65000, and then choose the market direction to seize the long opportunity of stepping back!

How to judge the up and down trends?

It can be judged as an upward trend if the high and low points gradually increase; on the contrary, if both decrease, it is a downward trend. The common daily rise and fall of Bitcoin of 3~5% and support and resistance can be used as the basis for a possible reversal in the future.

Go long when the upward trend is reversed, and go short when the downward trend is high. Especially at the beginning of the trend, the effectiveness will be higher, such as the third trend line K stick is reversed.

Be cautious when reaching the end of the trend. For example, if the trend line is 5 to 6 or tested multiple times, it may fall below or break through to the next range. Compare the previous trading volume to judge, it may come. At what price.