$BTC may be nearing its peak, watch out for risks
【Today's Market Analysis-BTC-11.22】
For technical analysis learning only, not as investment opening suggestions. Profit and loss are at your own risk.
1. Daily: Yesterday a pillar was raised, if all goes well it will break 100,000 today. As usual, do not short in a bull market. The price will first surge to 99,500, then to 100,000. 97~974 is the retracement range, extreme retracement at 95.
2. 4H: From the current lines, risks need to be monitored. In the recent days' rise, the trading volume has clearly not matched the fierce trading volume of the days when it hit 90,000. This indicates that the price may be gradually approaching a short-term peak. Selling actions were observed in last night's 8 PM candlestick.
3. 15min: The 5 AM candlestick today tested the bottom price near 975, but the test was unsuccessful. This indicates that the price will likely return to this position; if this price continues to fail to pass the test, it will retrace to 965.
Intraday trading thought: Watch for risks, hold steady with no positions, and bet on a 15min retracement for long positions. A mad dog should go long on the daily retracement.
