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The previous article mentioned that $BTC turned around, which means: originally we were in an upward trend, and the normal trend-based order was to go long on every pullback, but the trend turned around, which means that the upward trend was directly destroyed.
That is, we directly entered the initial stage of the downward trend, and we had to adopt the strategy of shorting on highs in a small cycle.
Look at the example below. The original trend was going well. Even if the trend did not continue, it would be normal to go sideways. However, a large negative line has destroyed the original trend.
LIVESJ Crypto
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$BTC encounters resistance in the classic structure. The current market price directly breaks through two small cycle supports. One large K line is enough to turn the trend.
The hourly K line has closed now. If the previous large K line does not keep up, you can only wait for a small rebound to take the short position.
The integer of 66000 is the next support. This position is in the middle area that I have repeatedly mentioned before. The profit and loss ratio is very poor. Coupled with the uncertainty of geopolitical news, it is recommended to wait and see or do a small cycle of fluctuation rebound short position
The hourly K line has closed now. If the previous large K line does not keep up, you can only wait for a small rebound to take the short position.
The integer of 66000 is the next support. This position is in the middle area that I have repeatedly mentioned before. The profit and loss ratio is very poor. Coupled with the uncertainty of geopolitical news, it is recommended to wait and see or do a small cycle of fluctuation rebound short position
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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