$BTC
Let's look at the previous low of 92 first. Everyone is talking about a huge amount of shipments. Is it another game? Don't get too excited.
This is very manly. The strength of 700 is like 600 back then. If you have time to operate, you can use the band to pull it up and make a little profit.
Last night, it returned to 33 instantly after just above 32. This support level is very strong. But the downward trend is still there. If it breaks 33, you can actually look at 31. I don't know how much strength 32 consumed last night.
Today, let's talk about the difference between support and resistance levels, and the left and right sides. It's purely my personal opinion. There is no teaching 😂 so I am irresponsible.
The so-called support level, to put it simply, is an effective resistance level formed by more orders for long positions. Even if there is a large amount of selling, it is difficult to digest it in a short time, and there will be small sideways fluctuations. For example, there is a one million order at Auntie 33. At this time, someone offers 800,000. If it cannot be digested, it will be difficult to break through. If there is 1.2 million, those who do not have time to make up the order will choose the next position such as 32 to wait for orders. At this time, 200,000 may not be reached, because someone will choose to make orders on the right side after the breakthrough. This is how Auntie pulled back to 33 last night. Those who left late were trapped again.
The same is true for the pressure level.
We take Auntie 32-33-34 as a line, and look at it horizontally, the low is on the left. When 33 is the support level, place orders above 33 and trade on the left side, because at this time it is going down from 34. Going long means going against the trend, so left-side trading is also called going against the trend, and it is more confident in the strength of the support level. Placing orders below 33 is right-side trading. A breakthrough means that the short trend is obvious. Entering a short order at this time is following the trend. Therefore, right-side trading is also called trend trading. Going with the wind has relatively small risks.