The 20-point closing line of the big cake did not break through 102800, and the 15-minute chart effectively fell below the neckline of 102200. Long orders can be reduced. The concubine is even weaker, and the 4-hour level has gone three scholars
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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 🤪
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