The 4-hour short target has been achieved, and a larger short structure is expected
7/25 sharing:
Following the reminder of the bottom long target of BTC and ETH in the previous two days, the 4-hour short structure target has been completed. Market analysis: After the daily level formed a bottom structure near 5.3, the target was around 6.5-7; after the 4-hour short structure was formed in the selling area, it came to the target of the same period near 6.46-6.34; this is the target of the short, and it is also the buying area. There is an opportunity to rebound and then move to a larger level of short structure, and it is also possible to continue the short and move to a 6/8 hour level short structure. Trading opportunities: This interval is the buying area, and there is a 1/4 hour long structure that can be placed with a small position to participate, bet on the rebound, and all the target positions are taken profit; the more anticipated trading opportunity is that after an effective rebound, a daily short structure can be formed, and then there is an opportunity to continue to the weekly level buying area to form an effective callback.
To summarize briefly, the 4-hour short structure has run out, short orders lock in profits and keep positions in anticipation of a larger level of continuation; friends who are short are advised to wait for the opportunity to short after the rebound here, and play the short structure at the daily level.
Don't chase shorts in the buy zone, and don't chase longs in the sell zone. Only trade with high probability events. In the long run, you can make stable profits. It is better to miss more than to make more mistakes. If my sharing is helpful to you, follow me, and share market analysis and trading opportunities according to the market from time to time. Don't jump into the gods, don't be a hindsight, just trade the trading logic.
