$BTC Currently, in this kind of wash trading market, when placing orders, it’s best not to look at lower timeframes. It’s better to determine the direction on the daily level and look for entry points on the 4-hour level.

🏁 On the daily level, the day before yesterday indicated a close with three scholars + high volume bar + closing below the resistance level, which is a signal of stagnation (can also be seen as a medium bearish candle + long upper shadow). A large bearish bar has directly broken the previous high platform, and the high of 3 has been established. Currently, it will oscillate in the range of 101100-99200 to choose a direction, observing the shapes of the previous points A and B. A long bearish candle + a small candle with a long lower shadow + closing above the support level is a signal of stopping the decline. Support and resistance are shown in the image below 👇🏾

Placing orders is simply about the big picture; indicators are always lagging, while candlestick volume and price reflect market supply and demand situations most immediately.

The weekly level also provides a general direction (as shown in the image), connecting above is a large profit.

If there are no significant market movements afterwards, I won’t share frequently; I’d rather focus on my own trading because typing takes time, and I missed a hundred points by not looking at this for a few minutes 🙈🤪