BTC hit a new rebound high of 71,770 at around 9 o'clock last night and then quickly plunged downward, reaching as low as 68,360. The current price is 69,800.
Yesterday's analysis and deduction showed that the market will move to the 30-minute level and the downward correction is on schedule.
The current correction is just a downward correction at the 30-minute level. The general direction at the 4-hour level is still upward, and it is expected to break the historical high again. Don’t panic if you do the 4-hour line segment. If you have good skills, you can use the buying and selling points in the 5-minute level trend type to make short-term differences. If you are not so good in previous bottom-hunting skills, you can continue to hold it and wait patiently for the 4-hour three-buy upward period to have a clear internal structure before considering reducing your position.
It needs to be clearly pointed out that the levels in entangling technology are essentially different from the timelines in the traditional Western technical sense, such as 4 hours, 30 minutes, 5 minutes, etc. In the traditional sense, 4-hour refers to a simple arrangement and combination of 4-hour K-lines, while the 4-hour level of Tangle Theory technology refers to the pen, line segment, center, and trend type defined by the 4-hour K-line according to the theory of Tangle-in-Tang. According to the geometric structure, a 4-hour transaction is composed of at least 7 K lines, and one line segment takes at least 3-5 days. Therefore, if you want to go up to the 4-hour level, the minimum holding time period is more than 3-5 days, and there is basically no need to watch the market in the middle. The higher the level, the longer the holding period, which also solves the pain point of often being unable to hold orders. At the same time, it leads to one of the most important trading principles of entanglement technology: leaving the level is equal to returning to zero!
Returning to the market (Figure 1), the 30-minute level has basically confirmed that a 30-minute downward correction will take place, and the correction has also entered the yellow center range without three buys. If you want to reduce your position above 61,000, you need to wait patiently for 30 minutes for the downward line to appear, and the sub-level trend type divergences or consolidates to divergence and buy points to cover your positions. When the general direction is upward and the buying point is at a small level, you must resolutely cover it, otherwise there is a high probability that the market will sell out.
Looking at the short-term 5-minute chart (Figure 2), there are three central upward trend divergences from 62220. The trend divergence will inevitably lead to three reverse upward and downward segments. Then observe the strength of the reverse three segments. What is currently running is the second segment. The upward trend in this segment is as shown in the figure. Pay attention to whether the rebound will enter the center. If it does not enter the center and sell out the second and third segments to merge, the short sellers will continue to exert force in the short term. You have to walk at least 5 steps in the opposite direction. To cover the position, you have to wait for 5 minutes for the downward trend type to appear in batches of one buy and two buy.
