2/21$BTC [Early Trading]: The volatility of Bitcoin was good throughout yesterday. The main strategy was to eliminate the large liquidations left in the previous days. Now that the liquidation chart is relatively clean, have the short-term risks been lifted?
The bulls are currently on the weaker side. As mentioned in the video last night, they have also avoided the risk of a wave of downward pins in the future. Figure 2, screenshot of the video. If a w-bottom structure appears and returns above the trend line, a short-term rebound can be made. Even the trend is drawn for everyone. There is no reason not to do it.
Day operation ideas:
---52100-52600 is used to carry out profit taking for night multiple trading plans in batches;
--- I have done selling high and buying low in the box many times, and it can still be done near 52600, with a breakthrough loss;
--- In the three major cycle charts, 53300-54000 on the left side can be shorted. The reason is that the upside space above is limited and is suppressed by the upper rail of the trumpet pattern. A breakthrough will inevitably stop the loss. This order will not be described further;
---The liquidation at 53000-50800 on the liquidation chart is relatively clean, and there are liquidations at further positions, but it is not important. There is no risk of pin insertion on short wires for the time being;
---If there is a breakthrough of 52600 in the future and the counterattack cannot break, go long on the right side;
---51250 may be more below, but it will be broken if it falls;
---The trend line has also been tested, but the rising volume is still weak. Unless a Dayang K with increasing volume and rising price breaks through the upper boundary of the box, there is no reason to be bullish;
---The safe long position on the left is 49800-49500, and the price is broken if it falls;
Figure 4, Ethereum is still quite strong. The 3000 point mark mentioned in the video two days ago has also been tested. The support of 2888 below has been tested several times. It can be bought during the day, followed by 2860, which fell below and broke. Falling below 2860 is a signal of bullish weakness, so this position must be held. Only by holding on can we expect to continue to hit 3000 points.
Short-term support 52100/51700/51250, resistance 52600/53300
