BTC long and short opportunities.

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The price rebounded after the pin to 38.5k and stood firmly above 40.2k. Below 40.2k can be regarded as a false breakdown at the daily level. I believe there will be a relatively large increase.

Pull up the Fibonacci and volume distribution from the low to the present. Aggressive bulls who have not yet entered the market can try to place a long order near 40.8k on the left side. This is an important previous low after a violent rise, and it perfectly retraces the VAH. There is liquidity below. Aggressive bulls can place a long order on the left side near the middle axis of the triangle, which perfectly coincides with the 0.618 position and is the POC of this round of rising. It is about 40k. Conservative bulls can enter the market on the right side between 40-40.8k.

For shorts, standing back to 40.2k is definitely extremely bad news. Pull up the volume distribution since 49k, and you can see that the POC completely coincides with the POC of the declining consolidation triangle, which is about 42.7k. This is the first profit target for bulls and also the closest opening position for shorts. There is also a lot of liquidity here at 44k, which we have emphasized many times. If there is a false breakout, you can also try to build a short order on the right side. 45.4k is already the VAL of the previous consolidation above when it broke through. If the price can continue to rise and allow the funds here to be unlocked, it is expected to break through 49k. Shorts have a large stop loss space, and corresponding stop profits and losses should be made according to their own risk preferences.

I personally don't like staring at the market and prefer left-side trading strategies. Trading strategies are time-sensitive, and all statements do not constitute any investment advice. Good luck to everyone~