$BTC Today, I made two trend charts, one for 4 hours and one for the weekly level. You can refer to them.
BTC is in a smooth top downward expansion pattern from the weekly level. From the channel point of view, it is also in the downward channel. The rebound strength is still weak. The high point is getting lower and lower, and the low point is moving down. The wave theory is used to explain that it is necessary to step back to the main rising trend line to facilitate the subsequent market to rise. From the overall point of view, the main rising trend line is in the 44189 downward channel, and the support level of the lower baseline is also around 45500.
Switch perspective. There is a rebound in the short-term 4-hour market, because it is currently at the lower baseline of the upward channel, which is the position of the short-term main downward trend line of 55400 that broke through the day before yesterday. It is currently supported by the retracement and can be short-term long to 59000. However, the market economy is quite bad now. You can't be too long if you do it. You must close it as soon as it is built, and you must bring the stop loss. If it breaks 53687, you must stop the loss, then this round of rebound is over.
$DOGS 4-hour market presents a narrow triangle area, and the direction will soon be revealed. Spot can continue to enter the market near 0.00102, and the stop loss is placed at the new low of 0.0009212. Stop profit at 0.001122. If it breaks through 0.00117 strongly, consider chasing
The super bonus period of the currency circle may also end in the big bull market in 21 years. The currency circle will become more and more difficult to play in the future. Don't always think about thousands of times. The reason why it rose so much before was because the market value was low and large institutions also entered the market to hold positions. Now it is almost saturated and there are large institutions controlling Bitcoin, so it will not fluctuate as much as before. There may not be a market with hundreds of percent in the future. Local dogs are another matter, but there are too many projects in the primary market. Ten carrots and nine pits are pits. Don't touch them if you are not good at it. Just study the fluctuations of Bitcoin carefully and do T. You can survive in the market by slowly playing and understanding its fluctuation rules.
