4-25 Bitcoin Analysis:
After the news of war appeared yesterday, the four-hour rising channel structure of Bitcoin was subsequently broken, and the price once reached around 635. Although yesterday's analysis said that 645 was a good long trading opportunity, it was also said last night that you should enter the market on the right side. Don't place orders randomly to be careful of being buried. I didn't enter the market last night because there was no rebound strength. I reminded it in the member group and here.
So at present, I will still tend to buy on dips. Since I buy on dips, there are several positions that we need to pay attention to. First: 645 price, this position is a support. If it rebounds now to form a false break, then I will choose to enter the market on the right side, otherwise I will continue to wait and see. Second: 657-660 interval, this position is the four-hour MSS structure. When the market rises to this point, it is suppressed and does not stand up again. So this is the potential profit position for bulls and the signal point for short orders to enter the market.
The above are all the practices on the right side. If I place an order on the left side, I will choose a lower point. The 625-620 interval is the 0.618 position of Fibonacci and the starting point of the previous big Yang K. So I prefer to use a small stop loss to place an order at this position #BTC