Comment $BTC September 25:
- D1 frame: yesterday continued to witness a phase of pulling the beard from the 627 to 646x area by nearly 2000 price to create a very beautiful green daily candle and continue the uptrend. This morning, BTC even broke the resistance of 646 to create a peak of 648, bringing with it great expectations of reaching the 65-66 area today. However, the price dropped very quickly to the 63x area. At this point, I have to close all Long orders to monitor the market. And I also advise you to pause to monitor the rest of today.
- D4 frame: at the end of today, the D4 candle will close, a very beautiful candle in an uptrend. However, this D4 candle has a low volume, it needs a strong fluctuation tonight to pull the volume, otherwise the next D4 candle will likely be red and have a wick to the 60-61x zone
=> My assessment is as follows: BTC just had a pretty good force to go up to the 66-67 zone but was pushed down very quickly, the selling force is still very strong. So for me, there will be 2 cases:
1. Today, BTC will retract the wick and close the candle above the 642x zone, creating a doji candle and continue to increase to the 65-66 zone
2. BTC will retest the support zone of 625-630 to continue to recover the low indexes to gain momentum to continue increasing.
In any case, I still think that BTC will be in an uptrend in the long term. However, closing orders in this zone to recapture a better position will be safer.
Wish you guys a successful strategy