The structure is broken, face meets the waterfall, fortunately, I had a stop loss, the four-hour rise without looking back is finally about to correct.
LIVE
筱清
--
Bullish
Japan maintains interest rates unchanged, alarm lifted, continue to buy 71767-71899, stop loss 71444, take profit 73010-73195.9
The short position stop loss is relatively small, continue to hold, short at 73432 with a stop loss at 73660, short at 73948 with a stop loss at 74300, looking for a pullback.
For short positions, there are two levels: either 73432 or 73948. The former does not break the previous high, while the latter breaks the previous high and also breaks the historical high, but it is a false breakout. The stop loss for the former is 73660, and the stop loss for the latter is 74300. Small stop loss for large gains.
Japan's interest rate decision will be made at 11:00 am tomorrow. If the interest rate is raised, beware of the 8.5 black swan. The last time Japan raised interest rates, the highest point was 70,800 to 49,000, a drop of 21,000 points. Currently, there is an unfilled CME futures gap at 53,800-54,500. If Japan raises interest rates, will it use this as an excuse to fill it? Conservative traders are advised to wait and see when exiting.
Long position waiting position, Gann angle line 1/2 support 70149.5 points to the small level analysis in the area, 69506.6-69959.7 area to open long, stop loss 68390.6
73432.1, if you can’t get a hold of the OB, don’t take it. Forced stop loss at 73660, 200 points to see if there will be a callback. Don’t resist the order.
The second trend, open long at 68973-69044, stop loss at 68459, take profit at 71600, kill the bulls to seize liquidity but do not destroy the bullish structure
Continuous volume increase, small-level false short, if it breaks 68850 the bearish structure s2b is a false breakdown, bullish, let’s draw a chart later $BTC
Hidden AB=CD pattern, the C point retracement is in the 0.786-0.886 range, so the D point potential reversal area is in the extension range of 1.13-1.272, specifically between 64237.6-64751.7, and closer to 64237.6. Below corresponds to the Fibonacci 0.5 reversal level of harmonic 5-0, and within this area, there is also four-hour FRV support, which is a good long position.
Daily death cross, don't rush to enter for the bulls, the weekend will see fluctuations and corrections, low buy and high sell around the 67500-65500 range, the harmonic 5-0 points to a potential reversal zone at the 63000-64200 range, at that time plan long positions, or wait for last night's drop to naturally rebound at the high point of 67500 to enter on the right side.