💡9/3 Graphical simplified version Simple analysis $BTC
The price rebounded yesterday, but it is only a rebound at present, not a reversal, so the big market trend has not changed, but the structure needs to be redefined.
Yesterday's short selling failed, so the shock structure that we focused on yesterday is likely to be invalid. We have optimized and expanded the shock range. The lower edge can focus on 57000 (yesterday's low/4H cycle potential support/liquidation peak)
This becomes the price point of resonance between large and small cycles. If the price falls below again, we will still consider chasing shorts on the right.
Above the shock, we will focus on 60000 61200. The technical level just verified the high point ahead, which is also the peak of short liquidation. If the price weakens near these prices (obtaining liquidity), it will become a good opportunity to layout shorts on the left.