BTC
The high-level trend has not ended, but the bearish trend is too strong to determine if it's a vacuum or a fake-out. Therefore, when it reaches a clear resistance level, one should enter the market. It's obvious that we were stopped out at 98,000. It's okay to be wrong; I often say that the essence of trading is to wait for entry signals in the market using our validated system. If it meets the criteria, we execute. After entering, set stop-loss according to the system's requirements. Minimize losses, move the stop-loss, if wrong, exit; if right, hold. Through repeated deliberate practice, probabilities and outcomes will emerge.
The daily K-line has rebounded upwards, reaching a maximum of 101,100 and a minimum of 95,660 before the publication. The bullish trend remains unchanged, MACD is shrinking and accumulating, DIF and DEA are still at high levels. The Bollinger Bands are still extremely contracted, and the K-line has rebounded to challenge the upper resistance level of 101,675. The four-hour K-line head and shoulders bottom pattern has broken the EMA trend indicator at 98,300, once again standing at a high level. The EMA trend indicator has returned to a bullish trend, MACD is expanding and accumulating, and DIF and DEA have formed a golden cross trend. The K-line is currently below the upper Bollinger Band at 101,350, clearly indicating strong resistance. The main force has formed a strong pressure zone multiple times at 101,500. When shorting, always ensure to set a stop-loss. Do not chase long positions for now; wait for a pullback to support before starting to layout long positions.
Short-term thinking reference: The market is never 100% certain, so always ensure to set stop-loss; safety first. Small losses, big gains are the goal.
