$BTC
You have completed the expected three-day market in one hour
I have to admire the main force's control method
Don't be sad for those who stop profit in the 96000-96500 range, it's meat no matter how much you eat🥩, don't be greedy
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$BTC
The current market situation belongs to a standard "descending triangle". This kind of market in stocks is likely to be bearish; I found a total of 11 similar patterns in BTC's history over three hours, of which 8 times resulted in a decline and 3 times resulted in an increase 📈; and in the case of declines, most were sharp downward spikes.
After the low point yesterday touched the 92525 area, it immediately rebounded and rose, reaching a rebound signal 📶. I opened a long position near 93550, and the strong rebound signal led to a wave of increases for many altcoins 📈.
However, it still couldn't break through the diagonal resistance level. Since it couldn't break through, it must inevitably come down. I chose to take profit at 95200; no matter how real the performance may seem, it is still just a performance!
The overall trend is still in a typical downward slide, but the bottom has formed a very strong support level after last night's second touch bottom rebound. I mentioned several logics in my previous articles:
1: When the tops are getting lower and the bottoms are getting higher, it is highly likely to rise after crossing 📈.
2: When the tops are getting lower and the bottoms are also getting lower, it is highly likely to fall further after crossing.
3: When the tops are getting lower and the bottoms remain unchanged, it is highly likely to first drop and then rise after crossing.
Therefore, the strategy moving forward: Keep an eye on the pivot points, you can take a small position long to prevent a direct surge after three touches to the bottom!
If it breaks down after forming a base and continues to decline, then cut losses.
If it breaks down after forming a base and spikes down, it likely indicates that the true bottom of this major trend is about to appear. The end of a significant downtrend is often indicated by a rapid pullback after a spike down.
Currently, the risk of trading contracts is very high. If you cannot find a stop-loss point, take-profit level, resistance level, or support level, it's best not to touch it.
While you are sleeping, I am watching the market 😫.
Not to tell you how much I earned; but because I must be responsible for each of my public strategies, and I certainly do not want my fans to think that my strategies come from imagination.
If you can't find direction in the crypto world; click the upper right corner to "follow" and let me take you to experience a different crypto world! #加密市场反弹 #圣诞行情分析 #比特币战略储备 #加密市场反弹
The current market situation belongs to a standard "descending triangle". This kind of market in stocks is likely to be bearish; I found a total of 11 similar patterns in BTC's history over three hours, of which 8 times resulted in a decline and 3 times resulted in an increase 📈; and in the case of declines, most were sharp downward spikes.
After the low point yesterday touched the 92525 area, it immediately rebounded and rose, reaching a rebound signal 📶. I opened a long position near 93550, and the strong rebound signal led to a wave of increases for many altcoins 📈.
However, it still couldn't break through the diagonal resistance level. Since it couldn't break through, it must inevitably come down. I chose to take profit at 95200; no matter how real the performance may seem, it is still just a performance!
The overall trend is still in a typical downward slide, but the bottom has formed a very strong support level after last night's second touch bottom rebound. I mentioned several logics in my previous articles:
1: When the tops are getting lower and the bottoms are getting higher, it is highly likely to rise after crossing 📈.
2: When the tops are getting lower and the bottoms are also getting lower, it is highly likely to fall further after crossing.
3: When the tops are getting lower and the bottoms remain unchanged, it is highly likely to first drop and then rise after crossing.
Therefore, the strategy moving forward: Keep an eye on the pivot points, you can take a small position long to prevent a direct surge after three touches to the bottom!
If it breaks down after forming a base and continues to decline, then cut losses.
If it breaks down after forming a base and spikes down, it likely indicates that the true bottom of this major trend is about to appear. The end of a significant downtrend is often indicated by a rapid pullback after a spike down.
Currently, the risk of trading contracts is very high. If you cannot find a stop-loss point, take-profit level, resistance level, or support level, it's best not to touch it.
While you are sleeping, I am watching the market 😫.
Not to tell you how much I earned; but because I must be responsible for each of my public strategies, and I certainly do not want my fans to think that my strategies come from imagination.
If you can't find direction in the crypto world; click the upper right corner to "follow" and let me take you to experience a different crypto world! #加密市场反弹 #圣诞行情分析 #比特币战略储备 #加密市场反弹
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
98,276.47
+0.09%
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