As the market has adjusted down from the high point of 72,000 in 4 hours and returned to the lower edge of the 4-hour central axis, the pessimism and panic in the market have begun to spread, and voices shouting 60,000 points or even 50,000 points have begun to rise and fall. This emotion conforms to the universal law of the capital market: chasing up and killing down!

As a trader, emotions are the biggest obstacle and the biggest enemy of oneself. If you want to be a qualified trader, you can't be carried away by market emotions and become a slave to emotions! Only by keeping enough sobriety and rationality, guiding us in the right direction through the structure of the entanglement theory, and going against emotions, can we see the light, which is the best way to face such a complicated panic situation.

There is a classic saying in the original text of the entanglement theory by Master Chan that reveals the true meaning of trading: the buying point always appears in the panic decline, and the selling point always appears in the crazy rise!

Back to the current market, BTC is already at a critical moment in the decline process and has reached the critical point.

Bitcoin daily short side artillery has been formed, and the consensus on the resistance of the high 68500 has been reached. The subsequent Bitcoin price will usher in a discount market. The overall price on the daily line has come to a bearish trend. If there is no rebound in the intraday operation contract, you can short it. The four-hour coin price is running in the boll down channel. The upper resistance is around 67800, and the lower support is recommended to pay attention to the 64800 line. The MACD short position is generally dominant in the attached indicator, and the fast and slow lines continue to run at the bottom and cross again. Therefore, the four-hour price can only have a certain long repair possibility if it breaks through the 67800 line. The one-hour coin price is strictly speaking in a volatile market, and it is running around the 66000-68500 range. There is a certain long force at 66800 at present. It is aggressive to look at the breakthrough of 67800 in the short term. Based on the above, it is recommended that Bitcoin continue to rebound and short in the future.