After a wave of rise at 5 o'clock, BTC's trading is too stable. This kind of calm before the storm is the most terrifying!
Lao Deng also said in his article that the trading of the day was stable, and the wave began to fall at 15 o'clock📉. It feels that Lao Deng always posts when the market fluctuates. In the morning, Lao Deng said that this wave of long market in the morning needs to look at the 0.618 pressure level of 64846. And this afternoon's decline📉 is the decline caused by the excessive pressure above without breaking through the pressure level. What we are looking at now is its falling support level. The first support level in Figure 3 has been broken at 63661. The second support level we need to pay attention to is 62893. The decline of the second support level shows that today's short-term market is bearish, and the long and short forces are exhausted. If it is still hovering at the first support line, it depends on the dynamics at night.
Lao Deng's judgment is that if it does not fall below the second support level, the main force will have a wave of pull-ups at night, and then fall📉. If it quickly falls below the second support level, it will be a terrible bear market!
Trading is like sailing, there are calm times and turbulent times. You must be prepared to deal with various situations and flexibly adjust your course to reach the other side of success.
