Short-term BTC continued to consolidate on the trend line over the weekend and finally broke through. It tested the trend line 3-4 times over the weekend, and now it has also taken advantage of the short liquidity in front.
After a higher point is generated, short sellers need to see a strong smash before entering the market. Otherwise, they will have to touch the previous high several times before they can get it.
I will not ask everyone to pursue goods at this location. Another point is that East Eighth District time is like this on Monday, and I will watch the situation after the US market opens.
64K The main short-selling liquidation areas mentioned in the Saturday program were all cleared and buried. You can refer to Figure 1 above. One K-line pattern that will only exist if it really falls is the expansion horn K-line.
1. No rush for spot goods [no need to chase after the reduction]
2. Fixed investment does not matter
3. If the contract is short and the highest point is used to make losses, one must be mentally prepared or hit the top once, but BTC has an inertia of 2-3 times.
At these two points of ETH, you can pay attention to whether there are bearish opportunities, and wait for BTC to express its position on ETH, which is a very standard channel. Figure 2
