Getting involved in the high-yield, high-leverage market is like taking a nap on the rails. If you don't stay alert, one day, a sudden train will hit you and kill you. Always be in a good state before starting a transaction.
Yesterday, Bitcoin tried to break through the new high continuously, but failed. Now it has formed a double top, and there are signs of a decline in the shape. On the daily line, it closed at yesterday's high with a negative column, and KDJ turned in the overbought zone, and when it hit the second high, KDJ did not follow the increase in volume, which is a sign of divergence.
After being blocked at a short-term high, the volatility begins to come to an end, the decline will accelerate, and it will enter a period of large volume. The volatility that has lasted for nearly ten days is about to end. There is no need to hesitate in operation, and you can enter a short position near 30,500.
Once the decline begins to touch the 28,900 line, do a rebound long order to look at around 29,900. If it is in line with the idea, you can continue to short when it pulls back to test the 30,000 pressure, and look for the 50% position of the Fibonacci sequence around 28,100, and cover the position at 27,500. Then look for a rebound of the small mid-line and a new high. This is the subsequent layout.
The above are all predictions of future market conditions. How to plan specific ideas, how to control positions, and how to choose currencies? If you find it difficult to operate in this market, or even confused, you can take a look at CeShen’s ideas. For specific real-time layout and unwinding ideas, you can contact me privately!