$BTC
Will Bitcoin drop again?
BTC fell below the trend line and the support level of 62363 yesterday, starting a downward trend (the high and low points began to fall), and came to the red box area of intensive trading. This area can be regarded as a periodic support, so there was a short-term rebound.
Next, you can pay attention to the three support positions below 60152, 57469 and 52514. If you reach these three positions, you can choose to add positions in batches, and there is a chance of a rebound.
The decline this time has reached about 10%, mainly due to the callback caused by war panic, bull stampede, and high profit selling pressure.
What do you think of support and resistance?
Generally, I will look at the needle tip, real bar and trend line. Taking the needle tip and real bar as an example, if the past K line appears multiple times at the same price, there is a chance to form effective support and resistance, such as the red box area.
It means that this price stayed here for a long time in the past, and many people got stuck here or sold out. When the price returns to this price again, those who were stuck will want to get out of the trap quickly (resistance), and those who sold out or missed the market will want to add more money. Warehouse (support).
Taking yesterday as an example, shorts quickly fell in volume, and 62363 may not be able to rebound effectively. At this time, you can choose to wait, trade time for space, or choose a lower support level as a reference point, such as the red box trading area.
In addition, 62363 did rebound (white arrow), but the rebound was weak, and the resistance continued downward, establishing a downward trend. At this time, the winning rate of the next support level (red box area) will be higher.
So next, it is key to judge whether the high point after the rebound can reach a higher high point!
