4-19 Bitcoin Analysis:

Yesterday, Bitcoin rebounded and cleared some heavy short positions and then consolidated. It has not broken through the 650 position for a long time. So we can think of it as a falling relay pattern. Yesterday, there was indeed an opportunity to go long at a small level. Looking back, we can see that Bitcoin has been creating higher highs and higher lows at a small level, but I did not choose to take this rebound. I feel it is unsafe. It is better to go short in a falling trend than to go long.

Today, the breaking news is still fighting, and the market has also fallen. However, from the K-line in the early morning, we can see that the Bitcoin daily line has formed an M-top structure, and 650 is a neckline. However, after the big cake rose to 641, it lacked the upward momentum. It could not create a new high after multiple declines and rebounds. The trend is very much like a lure to go long, so the egg also entered the short position directly at the market price of 634.

The daily line is currently in a downward relay consolidation trend. It has not broken through the upper 650, and has not fallen below the lower 6W. It continues to shake up and down. This trend can generally last for a week. The four-hour line also forms a convergent triangle pattern. From the market, it can be seen that the 6W price has been tested three times.

It can be said that this is a strong support position. Now it has not broken through or broken through. It may be close to the halving time. According to Dan’s expectation, it will fall below the 5.9W position or even fall deeply, and then break the bottom and pull back, trapping a wave of people chasing shorts. In this way, you can kill the long army with orders on the left and trap the short air force chasing shorts, which is in line with the dealer’s long and short double kills, #BTC