10-12 BTC market analysis #BTC #TRB #bigtime

1. 4 hours level

Looking back at our analysis of the past few days, our previous short-term main focus was on 27100. Before the trend turned bearish, we mentioned many times that if we were to go long, we must ensure that the support of 27100 was effective. Once the support fell below, we must strictly stop loss

The current price trend is in line with our expectations. The early multi-level support 27100 was effectively broken when it was tested for the fourth time. If a support is tested more than 3 times, it will generally be broken. With each support, If tested, the power to maintain this support will weaken.

Back to the trend, it has entered a downward trend in the short term, and the daily level is still in a wide range of shocks. It can be seen from the figure that the power of the downward rebound is very weak. As we analyzed in the previous two days, once it falls below the 27100 support , there is a lot of room for decline below

26500 is a very small chip-intensive zone, which can be difficult to form effective support. The next 26000 is the most densely populated area. This position is not expected to fall below easily. If it continues downward, it will be a large-level support of 25000.

2. Short-term strategy

Let’s review our previous strategy. If it effectively falls below 27100, we will no longer go long. Instead, we can take advantage of the trend and go short. If we choose to go short, we have also gained a lot of profits.

When the price has reached its current position, it is impossible to go long in the short term from the perspective of trend trading. The top is still focused on 27100, and the support and resistance are interchanged. If the subsequent rebound is blocked below 27100, continue to short with the trend, and stop the loss if it is effective.

If you want to go long, pay attention to whether the 26,000 chip intensive zone forms an effective support, whether there is buying demand, the price moves downward, and there is a heavy volume increase, you can consider making a rebound.