$BTC Don't listen to others shouting to escape or that the bull is dead. Pay attention to the following positions; although it hasn't fully declined, be patient for new highs.
【Today's Market Analysis - BTC - 12.11】This is only for technical analysis learning and not as investment opening advice. Profit and loss are at your own risk.
1. Daily: Around 95 there is a position for institutional accumulation. A good sign is that the day before yesterday and yesterday both showed long lower shadow candlestick patterns indicating accumulation. The trading volume yesterday decreased compared to the day before, which means this position is close to being fully accumulated. Many people ask if the bull is dead; I think you haven’t experienced the last cycle. Go look at the patterns and trading volumes at the end of the cycle and you will know. Bull markets often have many fluctuations. 973~978 is the day’s peak, and it may continue to drop to 94.
2. 4H: The K line at midnight last night is a typical long lower shadow accumulation K compared to the K line shape at 12.10 04:00, and the trading volume has obviously decreased. However, it hasn't finished accumulating yet, so be patient and wait.
3. 15min: At 968, I see an institutional pressure position, and at 975, I see a second pressure position. Please pay attention.
Day trading mindset: Comprehensive risk avoidance, unless it’s long-term fixed investment, other operations should avoid risk by staying in cash. Crazy dog intraday peak space
