Market view on August 2
The four-hour K-line pointed by the arrow did not stand on the lifeline, but Yiming still chose to exit the short position last night.
The reasons are as follows:
1: This is the third time that the four-hour lifeline position has been touched upwards. Three times is not enough.
2: It is far away from the support of the hourly chart below. In the context of the medium and large positive lines, it is difficult to step back on the hourly chart lifeline.
Yesterday, BTC had penetrated the previous lifeline position of 63456. At present, this pattern is more suitable for waiting for the market to rebound to the resistance level of the daily line (the next lifeline) to snipe the short position.
Currently, it is in the process of waiting for the short position, and neither the long nor the short position participates in the current pattern.
