BTC market deduction (4.11)

Convergence has come to the end

Yesterday's false breakthrough was due to weak demand, which then fell back; however, a pin was inserted at the support level of 68,000, and demand appeared; the supply was converted, and then the price rebounded

At the 4h level, the price has gone out of the falling supply line. Pay attention to the performance of demand and whether the subsequent retracement is weak demand;

The test of the main force has been completed this time, converging at the end, and the test is completed, and the storm is coming

1. The trading plan after the triangle convergence and large-volume breakthrough is relatively conservative, follow the trend, and wait for the demand to dominate the market, and then enter the market at a small level

2. Do a retracement at the support level, waiting for a retracement at the position of 68,000, but this position is relatively suspended, and it is not easy to stop loss. Another reason is that the main force has been tested and it is likely that it will not test this position again

3. The horizontal pressure level breakthrough, the position of 71,000, today's high-level retracement is confirmed, the demand is already strong, and it can hit 71,000 and stand firm, so you can try it. Stop loss is smaller, and the winning rate is sacrificed

Personally, I prefer to do the first triangle convergence, which is more stable and less risky

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