From the 1H level, there are a few points worth noting. A parallel top is formed near 72.1k. You can pay attention to whether there is a parallel bottom at a small level. Considering the box oscillation, from the perspective of the channel, you can pay attention to the bottom of the channel and do short-term longs. The VAL and VAH of the transaction distribution have both had very obvious support, which can be considered as a small-level support and resistance level. POC has fallen again to the 69.2k that has been talked about a lot. As of now, the price is testing support near POC.
From the 4H level, the price seems to have fallen back into the channel and made a false breakout, which is a good thing for the bears. Focus on the vicinity of 66.7k. If it breaks down here in a non-pinning way, the bullish pattern will be broken. Pay attention to the VAL below, which is around 63k. Here, it overlaps the lower edge of the 4H level gap. The price may be covered, and a little bit further down is the 0.618 support. Since a false break at the daily level occurred at 59k, it is more reasonable to make a breakthrough above the previous historical high of 73k.
Therefore, for the bears, the lower edge of the 1H level channel, the breaking position of the bullish pattern and the overlap of the 0.618 gap are all worthy of attention. The stop-profit points are also here. This is also the position where the bulls can consider intervening in the long order in the short and medium term.
I don’t like to watch the market, and prefer the left-side trading strategy. The trading strategy is time-effective. All remarks do not constitute any investment advice. I wish you good luck~
