In the current market situation of $BTC , when trading, don't focus on smaller time frames. It’s best to determine the direction on the daily chart and look for entry points on the 4-hour chart.
🏁 On the daily chart, the day before yesterday already indicated a closing with three scholars + high volume bar + closing below the resistance level, which is a stagnation signal (can also be seen as a medium bearish candle + long upper shadow). A large bearish candle directly broke below the previous high platform, and high 3 has been established. Currently, it will oscillate in the range of 101100-99200 to choose the direction. Observe the patterns of the previous points A and B. A long bearish candle + long lower shadow small candlestick + closing above the support level indicates a stop-loss signal. Support and resistance are as shown in the picture below 👇🏾
Trading is simply about simplicity. Indicators have lagging characteristics; the candlestick volume price is the most immediate reflection of market supply and demand.
The weekly chart also gives a big direction first (as shown). Connecting this is a large profit.
If there is no major market movement afterwards, I won't share frequently, but will focus on my own trades, after all, writing takes time, and in just a few minutes I missed 🙈 a hundred points 🤪