The logic for being bullish still exists, but the market makers have hit you pretty hard. Most people should have seen their positions disappear even though the price hasn't changed. The current market makers are indeed causing frustration. The Bitcoin price at 92000 is at the 4-hour double Vegas channel, which is equivalent to the 8-hour single channel. In the short term, there is resistance between 98200 and 98600 (the head and shoulders pattern that flipped on the 15-minute chart, also a position that hasn't broken through, and the main support and resistance switch is around this area). A breakthrough would mean continuing to be bullish.

Why I think the bulls are still continuing

First of all, once the trend is launched, it will not end easily. This is well known. The first red ⭕ is the position where the bulls launched the attack on the daily line. The moving average is golden cross, and the macd energy turns from red to green. The first adjustment is at the position of the first white ⭕. The first return to the position of ema30 on the daily line, and then the rise continues. Even if the subsequent dealer washes the market, it is also inserted to the position of the second white ⭕ at 94000, and it has not fallen below this moving average. It also verifies again that the bullish force is launched along this moving average.

That is, it has come to this position again, the third white ⭕, yesterday it was called 98800 to enter the long order, and I left at 102500. This operation uses the Vegas channel. Although it has fallen below 4 h channel, but the small cycle and the large cycle obey each other. I still think that this reason on the daily line makes sense, so from my system, I should do this wave of transactions. Although the risk is very high (the K-line pattern, top fractal, and rising channel on the daily line are all bearish), I don’t know right or wrong if I don’t enter the market. I still choose to be long in this wave. When his daily line falls below this moving average trend, I will consider loss. My bottom price is 96500. I hope you will meet at the top.

#加密市场回调