$BTC may fall back. The reasons are as follows:
[Today's Market Analysis - BTC-11.18]
This is only for technical analysis learning, not for investment opening suggestions. Profits and losses are at your own risk
1. Daily line: The current price is hovering around 898. From the overall trading volume, it can be seen that the volume and price are sideways. This also explains some market differences: holders are unwilling to sell, and those who do not hold positions dare not enter the market. From the perspective of the market maker, it is necessary to start washing the market. From the perspective of overall liquidity. The intraday retracement is about 887~889, and the top is 918~923. However, from the overall liquidity analysis, the current short liquidity that drives the price up has been exhausted, and no one is willing to sell. Therefore, the price trend will be sideways oscillation. If more short liquidity cannot be obtained, the price will fall to the next range for oscillation, the above retracement range.
2. 4H: The K-line at 0:00 on the 16th rose by more than 2% from 88 to around 908. Then the price fluctuated and fell all the way, returning to the current 898. This K line is more representative, belonging to low trading volume pull-up, which also means that the bullish trend has not actually formed. If there is no special positive or negative news to break the oscillation pattern, it will inevitably fall to the next range.
3. 15Min: The K line at 06:00 this morning, the lowest price has hit 887 (the range described by the daily line), which is a typical bottom test K line. This K line corresponds to a large trading volume, which means that after this K line made a panic sell-off, a large selling follow-up action appeared, and then the dealer quickly ate up these selling orders, pulling up the price, forming a K line with a long lower shadow and a short body. The K line at 08:00 this morning, after 899, formed a long upper shadow line, accompanied by an increase in trading volume. This is a typical top test K line. After pulling it up, retail investors continued to sell in panic. Neither the top nor the bottom of this range has been tested. The price may continue to fall to the range described by the daily line and form a continuous oscillation pattern.
Day trading ideas: short positions for stable dogs, short positions for betting on dogs at the top of the daily line are more cost-effective than long positions for callbacks, and short positions for crazy dogs at the current price. Only for K-line analysis and technical exchanges, not investment advice, profits and losses are at your own risk
