Daily market analysis —— $BTC 9.5
Figure 1: Daily chart analysis
Current situation: BTC is currently in a stage of upward rebound after plundering SSL (support level). However, the current market is in a state of shock, showing a certain degree of uncertainty.
Strategy suggestions:
Rebound focus: Pay close attention to the performance of BSL (resistance level). If BTC is blocked in rebounding here, consider plundering distribution and shorting. Buying time: When testing near SSL again (about 5w3), it may be a more appropriate buying time. In terms of large-scale operations, it is recommended to remain patient, reduce frequent transactions, and focus on stability.
Figure 2: H1 chart analysis
Recent trend: BTC plundered liquidity downward and then rebounded upward. The current market is in the stage of building a convergent triangle, indicating that the forces of both long and short sides are playing a fierce game in this range.
Direction selection:
Waiting for signals: Wait for the plundering behavior after the market clearly chooses the direction, which is used as the basis for reverse operations. Personally, I prefer a downward trend followed by an upward trend, but the premise is that 57370 is not effectively broken. Bearish expectations: If the market remains strong and does not fall below 57370, we still expect BTC to test the bearish OB (overbought/oversold indicator) area at the H1 level.
Risk response:
Downward breakthrough: Once BTC falls below 57370, the market may continue to look for support downward. At this time, we should follow the trend and avoid counter-trend operations. Upward breakthrough: If BTC successfully breaks through the bullish OB at the H1 level, the next important test target will be BSL near 61200.
Summary:
Daily level: Pay attention to the rebound performance of BSL and the retest of SSL. Large-level operations need to wait patiently for the right time. H1 level: Wait for the market direction to be clear, pay attention to the support role of 57370, and flexibly respond to possible up and down breakthroughs.
