$BTC still has to fall, pay attention to this position:
[Today's Market Analysis-BTC-10.8]
Only for technical analysis learning, not for investment opening suggestions, profits and losses are at your own risk
1. Daily line: There are two consecutive days of upward pin K-lines, long pins, and short entities. From the perspective of trading volume, the trading volume has decreased for two consecutive days, and the overall short trading volume is not large. This is a typical method used by dealers to test the upper position, and it can also be understood as a test before pulling the market. If you mistakenly judge that this is a strong bearish momentum and go short, then be prepared to give money. Of course, the test does not mean that you are required to go long at the current price. It will definitely fall down before pulling the market. 614~616 is a very good position to take more. In extreme cases, 608. Short-term or contract recommendations are to leave near 626, because this position still has great uncertainty. Long-term can be held with confidence
2. 4H: Currently accumulating funds near 62, but this position is likely to be unable to hold, do not go long at the current price, the risk is high
3. 15min: Confirming the 4H view, it can be seen from the market that the real retracement position is 614~616. This level is currently in a downward channel, which also means that it is not advisable to buy more at the current price.
