$BTC
7.7 Daily Report
The rebound in the past two days is within expectations. There must be a decent rebound at the daily level, so that the first decline can be put to an end. In general, why should the decline in volume be regarded as the end of the complete decline cycle? Because the decline is to clear the long positions, the shrinking volume means that the longs have completely lost their resistance and the trading volume will shrink. If there is no quantity, it at least shows that the longs still have the ability and willingness to resist, and the purpose of the air force to smash the market has not been achieved. The result of the game is that one side attacks and the other side resists to form a tug-of-war, and then the attacking side takes the advantage and continues to attack, and this tug-of-war process constitutes the oscillation center. Therefore, the pressure level and support level mentioned by everyone are only effective in the tug-of-war process, and are invalid in the offensive process. The indicators are sometimes accurate and sometimes inaccurate, which is also related to it.
I have said that in this round of daily rebound, I did not open more, but maintained a high-altitude strategy, because I know that I am about to form an oscillation center. I should go to the top of the center to absorb short chips and wait for the second attack of the air force until the longs surrender. This is a relatively safe approach.
There is certain pressure at the two points of 58500 and 60000. Although the volume has started to shrink and rise in 15 minutes, I personally think that there should be hope to break through 58500. Otherwise, the daily level rebound will be too weak. But it may not be today. When the 4-hour level volume shrinks and rises, this rebound will end, and we can just wait for it to come out at that time.
7.7 Daily Report
The rebound in the past two days is within expectations. There must be a decent rebound at the daily level, so that the first decline can be put to an end. In general, why should the decline in volume be regarded as the end of the complete decline cycle? Because the decline is to clear the long positions, the shrinking volume means that the longs have completely lost their resistance and the trading volume will shrink. If there is no quantity, it at least shows that the longs still have the ability and willingness to resist, and the purpose of the air force to smash the market has not been achieved. The result of the game is that one side attacks and the other side resists to form a tug-of-war, and then the attacking side takes the advantage and continues to attack, and this tug-of-war process constitutes the oscillation center. Therefore, the pressure level and support level mentioned by everyone are only effective in the tug-of-war process, and are invalid in the offensive process. The indicators are sometimes accurate and sometimes inaccurate, which is also related to it.
I have said that in this round of daily rebound, I did not open more, but maintained a high-altitude strategy, because I know that I am about to form an oscillation center. I should go to the top of the center to absorb short chips and wait for the second attack of the air force until the longs surrender. This is a relatively safe approach.
There is certain pressure at the two points of 58500 and 60000. Although the volume has started to shrink and rise in 15 minutes, I personally think that there should be hope to break through 58500. Otherwise, the daily level rebound will be too weak. But it may not be today. When the 4-hour level volume shrinks and rises, this rebound will end, and we can just wait for it to come out at that time.