The bottom is getting higher and higher, the top is flat, and it will eventually converge. If it breaks upward, if it can reach 58900 and stand firm, the upper pressure is 60200
Before the daily closing price stands above 60500, the downward trend should not be considered to have ended
Now it is at most a sideways trend at the bottom, still bearish
Those who have opened long orders can stop profit. If the closing price rises again and is above 58500, you can go long again
The rise this time is due to the progress of ETH's ETF news, but the news only affects the mood for a while, not the overall trend. It will eventually go through the process, it's just a few more turns
For the decline to 50000, the rise in the last three hours is just a few more turns
For the next year to 120000, the decline in the last month is just a few more turns
Different time levels, different structures, different directions
The top has been sideways all night, and it should have fallen but didn't. So the correction at 58800 may not be able to be suppressed, and it will have to go through the correction since 63800
I have already sold my short position at 56000
Resistance is at 57400 58500 60200
LIVE
刀锋战士2066
--
Bearish
$BTC $ETH
In the morning, when the falling structure was completed, it did not stop falling. This situation is extremely rare, but it is unreasonable when it occurs.
At this position, 319 million in 1 minute, what can I say?
In the morning, when the falling structure was completed, it did not stop falling. This situation is extremely rare, but it is unreasonable when it occurs.
At this position, 319 million in 1 minute, what can I say?
After dinner, I saw that the stop loss was set and it was immediately pulled up. I searched for a long time but couldn’t find the reason for this position. There is no reason for this position. I can only say that the market does not give opportunities and the bulls are too weak 🥺
The decline structure in the last 24 hours has been completed
The accelerated decline structure from June 20 to now has also been completed (maybe not all completed, but the first stage has been completed)
The bulls seem to have differences, and the buying is not too strong. We have to wait and see for a few more hours
If it can return to 56,000 and stabilize today, there will be a chance to go through a false breakout of the daily level sideways fluctuations, and there is still a possibility of shaking back to 70,000
If it can't go back to 56,000, the next is 52,000 - 50,800
For those who are long, control your position and leverage, as it is likely to fall further.
It is now 57500, and it should be around 56300 after the small structure is completed.
If 56000 cannot be maintained, it will go down to 52000 - 50800.
The shorts are making lines, which is the key.
The sudden 390 million in just one minute, coupled with the subsequent suppression for more than ten minutes, directly pushed the daily closing price below 58300 on May 1, and also broke the rising trend line and the 200-day moving average.
Although it also broke the rising trend line last night, it pulled back within a few hours. On the daily line, it is a lower shadow line, which is generally not a big problem.
But just now, the shorts blocked the time and smashed the market, causing the daily closing price to close below the rising trend line and the daily EMA200. Below
If the bears do not intend to attack, it is unlikely that they will spend money to do this
Of course, it may also be that the bulls are directing and acting themselves to force retail investors to hand over their chips
I don’t know which situation it is, everything follows the market
In addition, don’t do ETH when you are long. Since the day before yesterday, the rise of ETH has not been as strong as BTC. You can observe the structure and height of the decline and rebound in the past two days. It is not as good as BTC
Say the bulls are strong, but it can't go up. I missed the 63900 short position by 100 points.
Say the bulls are weak, but it can hold up. I missed the long position by 17 points.
Although I made some profit by chasing the floor short position, I didn't make up for the double long position. Now the break-even price is very uncomfortable.
I'm still playing Naraka: Bladepoint, I picked up my phone and saw that I'm on the train again
Is it a weekly-level big correction, or a second bottoming out and preparing to pull up? If it's slow, it will take a week, and if it's fast, it will take 3 days to get the result
Anyway, it doesn't matter to me, everything is done according to the structure, short if it breaks down, long if it can hold up, after all, this is a market that can be shorted🤣
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245 million, one minute before the breakthrough, the buzzer entered the market, my sense of the market is back!
1 minute K line, 245 million breakthrough, the bulls are in action!
In the round of rise 2 hours ago, although the daily, 4 hours, and 1 hour lines all showed breakthroughs, the 15-minute K line was still a flat top just now. If it is suppressed, the hourly and daily lines will become false breakthroughs again
So I have been waiting
When the price reaches this position again, there is no strong price reaction for 5 consecutive minutes, and it does not fall quickly
Since the bears did not organize a counterattack, the bulls will most likely attack
So I opened a long position and set the stop loss to 61,800
1 minute later, the main bulls exploded 245 million
Breakthrough!
If the daily closing price is not lower than 62,000 after 90 minutes, the price will continue to rise today, and the increase will be very good.
Whether it can be stabilized depends on these 90 minutes.
The upper resistance level is 63,900 - 64,300, 66,700-67,200.
Click on the K-line below to keep up with the real-time market.
Beware, the risk of falling has not been eliminated
To be honest, I am more pessimistic. Although there are continuous long positions in the spot market, the rebound in the past five days is still too weak. I tend to believe that the positions have not been completed and the main long positions are waiting for a lower position
How weak is the rebound?
Compared with the previous decline to 56,000, it is clear at a glance
In terms of trading volume, it was 17 billion on May 2 and 16 billion on June 25, with little difference, both of which are stopping the decline and building a bottom
But on May 3, the trading volume of 21 billion directly reversed, but it has been sideways for 5 days from June 25 to today, which is not a good phenomenon
Daily line, if it cannot pull up to 62,500 and stabilize today or tomorrow, or if it breaks the trend line but cannot reach 64,200 and stabilize, then the rise in the past few days is just a lure to buy more, and it cannot be considered that the decline has ended
If it can stabilize at 64,200, the upper resistance is 67,000
Both positions can be shorted on the left
If it continues to fall
First support 57,500 Second support 56150
These two positions are very hard. Unless an exchange goes bankrupt, it is difficult to break through them directly
Place a long order directly on the left, set the stop loss to 55200, and control the position and leverage yourself
When the price reaches the above position, I will analyze it again based on the specific long-short game and volume-price behavior
Click the K-line below to keep up with the real-time market