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BTC is currently at the pressure level at the 4H level. Please pay attention to the risks. Long positions can be used to stop profit and push for protection (not short selling).
BTC should pay attention to the risk of large-scale callback. At present, the 30-minute trend (green line) has been consolidated and diverged, and the 5-minute trend of the divergence segment has also diverged, forming a range trap. In addition, the Dow point of the 5-minute trend has also been broken!
【2024.05.16】BTC Market Analysis On the daily chart, the weekly upward trend of BTC has not diverged. It has pulled back to the Vegas channel of the daily chart, and the possibility of breaking through the new high again is very high. What needs to be paid attention to is that the trend of the daily chart (green line in Figure 1) has not diverged. Will it step back to the Vegas channel of the daily chart again? From a small level, the upward trend of 30min has consolidated and diverged, but has not formed a range trap. It is best not to short before the second sell is confirmed.
Pressure level analysis: Short-term pressure level ($61884): This is an important pressure level near the current price. If the price can break through this level and stabilize, it may attract more buying orders. If this pressure level is broken, it may trigger a short-term rise, and the target can be seen at the next pressure level. Medium-term pressure level ($65000): $65000 is the high point that has been tested unsuccessfully many times before, and it has strong resistance. Breaking through this pressure level may further enhance the bullish sentiment in the market, and the target can be seen at a higher level, such as $70000. Long-term pressure level ($70000): This is an important psychological level and also a resistance level near the historical high. Breaking through this position, the market may enter a new stage of rise, and it is necessary to pay close attention to changes in trading volume and market sentiment. Support level analysis: Short-term support level ($61316): This is the recent low point, which has a certain support effect. If the price is supported and rebounds at this position, it may continue to maintain a volatile upward trend in the short term. Medium-term support ($60,000): $60,000 is an important psychological barrier, which has been tested and supported many times, showing strong support. If the price falls below this level, it may trigger a further decline, and the target may look at the next support level. Long-term support ($57,000): This is an important support area before. If the price falls to this level, we need to pay close attention to the market reaction. If it falls below this level, it may trigger a larger adjustment, and the target may look at a lower level, such as $53,000. In-depth analysis and trading strategy: Short-term trading strategy: Breakout buy: If the price breaks through $61,884 and stabilizes, you can consider chasing more, with the target at $65,000, and the stop loss is set below the breakthrough position. Pullback buy: If the price pulls back to $61,316 and gets support, you can consider buying, with the target at $61,884, and the stop loss is set below $61,000. Medium-term trading strategy: Trend following: If the price breaks through $65,000, you can consider adding positions, with the target at $70,000 and the stop loss set below $64,000. If the price falls below $60,000, you can consider reducing positions or waiting, with the target at $57,000 and the stop loss set above $61,000. Risk management: Set stop loss and take profit: Ensure that each transaction has clear stop loss and take profit points to avoid large losses. Adjust the stop loss and take profit positions according to market volatility to ensure a reasonable risk-return ratio. Position management: Control the position ratio of each transaction to avoid huge risks caused by heavy positions. Flexibly adjust positions according to market changes to maintain the flexibility of funds. Summary: Bitcoin has obvious pressure and support positions near the current price, and may fluctuate between $61316 and $61884 in the short term. The medium and long-term trend needs to pay attention to the breakthrough of $60000 and $65000. Traders should formulate appropriate trading strategies according to market changes and strictly control risks.
Last night's BTC long order was a bit of a gamble. The lows kept rising, and I went long very close to the trend line. Although the winning rate may not be very high, the potential profit and loss ratio is very good.
The wonder of the financial market is that there are certain rules in the random walk, and you can make money by gambling on positions and probability zones within these certain rules.
I have been busy all day. Yesterday I worked all night to complete five or six orders. The new office is finally ready. I worked overtime to revise the website at night. Another day has passed. I feel a little tired! So will BTC rise or fall?
Members will review the game at 20:00 every night, and Hua Jie and Tu Ge will comment on it. If you want to participate, you can cue me. There is a limit of 3 places per day~
The market is always more complicated than you think. I thought the rebound of the second buy of BTC in this 30-minute trend was very weak and would continue to go down, and there was a high probability that the stop loss would be triggered. I didn't expect that after repeated hesitations, the profit and loss ratio reached 2:1 to break even, and then it went up. It was indeed more complicated than I imagined. #BTC
Just take a look when BNB alarms, well, it’s a possible second-class selling point, the 30-minute level trend has diverged, and the 5-minute trend has diverged. I don’t want to wait for the second-class confirmation, so try shorting the first position!