BTC trend analysis (Persian cat's firecrackers are really expensive)
[Today's market analysis-BTC-10.2]
It is only used as a technical analysis study, not as an investment opening position suggestion. Profits and losses are at your own risk
1. Daily line: After the plunge last night, the structure did not destroy the rising channel of the daily line. From the liquidity point of view, there is a lot of liquidity near 60,000, and there is a lot of liquidity at 616~62 upwards. Normally, according to the liquidity approach, the price will go up first, and then look for opportunities to hit the liquidity near 60,000. But what is uncertain at present is the Persian cat's firecrackers. Spot can be ambushed at 60,000. Contracts suggest short positions and wait and see
2. 4H: Last night, through the Persian cat's firecracker incident, the 602 position was strongly stepped back through the pin. From the current volume and price analysis, it can be seen that with the decline in prices, the trading volume is continuing to decrease, which also reflects the market's wait-and-see state for the current situation. Both long and short positions are waiting and watching. It is recommended to wait and see with short positions in the next two days.
3. 15min: It has entered the consolidation stage. The trading volume is exhausted. Wait and see
