Post
--Bullish
【BTC Major Level/Daily Trend & Turning Points, this article is sufficient!】
Figure 1 Daily
The bullish structure has not weakened yet. Small support at 7.38. If it breaks here, the market is weak.
The bullish-bearish turning point in the daily structure is around 7.04. Only if it breaks here, it will start a bearish trend.
Viewpoint: Currently, it's a bear market! Bear market! Bear market! Combined with the daily MACD and contract data. Although there is still an expectation of an upward surge, to 7.87 or even above 80,000. However, when reaching these levels, I will slowly position myself for short orders on the left side. Hard stop loss at 8.12. I estimate it will oscillate upwards for a few more days. Those who do not want to take a left-side position can patiently wait for a top structure, which is also fine.
Figure 2 Intraday/Short-term
First, look at the channel. Lower edge around 7.4. Upper edge at 7.87, with short-term resistance at 7.62/7.7 above. Small support at 7.48 below.
Last night I made a breakout order at 7.62, but woke up to a narrow stop loss. However, if it breaks out again with volume, I will still enter on the right side. For more detailed intraday reference positions, just look back at the articles from the past few days. It’s mainly about the operation of support and resistance switching at a smaller level. I won’t elaborate further here~ Right now, even a trend line (at the arrow point), those holding long positions can gradually take it up. Approach the resistance and reduce positions in batches.
I went out to play for a few days. The updates in the past few days have been quite fragmented, and today I return to update the daily level analysis & viewpoint. Understanding the trend is very important! Tonight, barring any surprises, I will go live around 10:30. Welcome to the live room for a chat!~
#山寨币复苏？ $BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
Figure 1 Daily
The bullish structure has not weakened yet. Small support at 7.38. If it breaks here, the market is weak.
The bullish-bearish turning point in the daily structure is around 7.04. Only if it breaks here, it will start a bearish trend.
Viewpoint: Currently, it's a bear market! Bear market! Bear market! Combined with the daily MACD and contract data. Although there is still an expectation of an upward surge, to 7.87 or even above 80,000. However, when reaching these levels, I will slowly position myself for short orders on the left side. Hard stop loss at 8.12. I estimate it will oscillate upwards for a few more days. Those who do not want to take a left-side position can patiently wait for a top structure, which is also fine.
Figure 2 Intraday/Short-term
First, look at the channel. Lower edge around 7.4. Upper edge at 7.87, with short-term resistance at 7.62/7.7 above. Small support at 7.48 below.
Last night I made a breakout order at 7.62, but woke up to a narrow stop loss. However, if it breaks out again with volume, I will still enter on the right side. For more detailed intraday reference positions, just look back at the articles from the past few days. It’s mainly about the operation of support and resistance switching at a smaller level. I won’t elaborate further here~ Right now, even a trend line (at the arrow point), those holding long positions can gradually take it up. Approach the resistance and reduce positions in batches.
I went out to play for a few days. The updates in the past few days have been quite fragmented, and today I return to update the daily level analysis & viewpoint. Understanding the trend is very important! Tonight, barring any surprises, I will go live around 10:30. Welcome to the live room for a chat!~
#山寨币复苏？ $BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)