$BTC The volatility last weekend was really touching. It seemed as if I had returned to the bear market when the price fluctuated by two or three hundred dollars a day. However, liquidity is about to return. To be stable, you should wait for a few positions or go out of the structure before trading.
——Everyone is familiar with the W bottom. For the future market, I prefer to go long after completing the second test in the 68800-68300 area without breaking, that is, after the W bottom appears.
——70100-70400 used to be the lower boundary support of the consolidation zone. Now that it has been broken, it is natural to seek short opportunities here.
——70700 is the rebound position of 61.8% of the decline in this round. If it can be tested here during the day, don’t chase it stupidly. It is suppressed by the return line. It is better to go short than to go long here.
——The key position below is 67300-66700, where you can seek rebound opportunities.
——The four-hour level bullish structure has not completely broken.
——I have been saying for three days that you can try shorting at 71500-71700. If you need to close most of the positions near the current price, just leave some tail positions to gamble at a lower position.
——Figure 2 is a long-lost liquidation chart, 70100 above, 68600 below, waiting to choose a direction.
$ETH Short orders are looking for opportunities at 3730-3750. This is the pressure level and it is also near the 61.8% rebound position. If it breaks through here, don't be a dead short. The intraday and the big cake are expected to test the low point of the decline for the second time. However, if 3630-3650 is not broken, it will still be a wide range of fluctuations. If it falls below, it will weaken completely.
Support 68800/67300/66666, resistance 69600/70100/70700