Tangleunjiepan 0221: BTC’s 30-minute upward trend is almost completed, pay attention to short-term and short-term turning callbacks

The trend of BTC is as suggested in yesterday's article. After the completion of the second rising central structure at the 30-minute level, it once again broke through and hit a new high of 52985. After breaking a new high at 9:30 last night, it quickly inserted the pin downwards, and the current price is 52281.

The trend has come to the present, and it has been in a unilateral upward trend from the beginning of February until last week. This is a sign of the strength of the bulls. However, starting from this week, the bears began to show signs of counterattack. There were obvious differences between the long and short sides between 51,000 and 53,000, thus creating a volatile pattern.

Everyone in the market understands one truth: There is no market that only rises but never falls. If it rises too much, it will fall. The key is how to grasp the turning point of the market!

It can be seen from the 4-hour chart that as the price reaches a new high, two pen centers appear in the upward departure period of the second center and the upward trend is divergent, which means that the 4-hour upward period can end at any time and prepare to move to the 4-hour direction. The next period of callback. Therefore, the price above 52,000 is not an opportunity worth pursuing in any case, and the profit-loss ratio is very poor. The next opportunity to enter the market is when the downward line segment appears on 4 hours and the sub-level divergence or consolidation divergence appears. Need to be patient! Long-term low-cost chips remain unchanged. As for whether it can be short-term, I think it can be tried in the short term, but it must be stopped. In the bull market, it is best to go long when the callback trend is in place.

Looking at the 30-minute chart again, the second center of the 30-minute rise has been constructed and broke a new high. After breaking the new high, it is obvious from the MACD that the volume is insufficient. There is a high probability that the long and short sides will fluctuate in the central range in the short term until the winner is determined again. It remains to be seen whether the market will choose to trade time for space for a rapid correction or to digest a horizontal decline.

The above analysis is for reference only and does not constitute any investment advice!