Post
--Bullish
4.29 Market Analysis
【Trend Remains, Where to Long or Short】
BTC
Yesterday, after breaking below 7.72 and hitting my short t1, I just let it be; I already took profits on my tail position~
Back to the chart, the 7.72 area is still a battleground for short-term longs and shorts. I won't go into the periodic positions, but the fact that I closed all my longs at 7.87 on the 22nd indicates I'm not optimistic about a trend reversal here on the daily. We're still in a bear market~
I've mentioned the 7.92/8.06 levels many times; right now, just keep an eye on 7.92 and avoid setting left-side limit orders. Just set a price alert, and entering on a spike back down would be a better play. 8.06 is still worth a left-side limit order~
Recently, many folks have been asking if they can go long. My take is if you want to long, watch the 4hr level around 7.36-7.48, and observe the specific volume-price action when we get there. For short-term trades, keep an eye on whether we can reclaim 7.75 today~
To reiterate, my periodic view is still to go up and short; the 4hr MACD has shown two divergences, and if we go up again, I lean towards liquidity hunting. So what if we don’t go up? I'll be watching the downside at 7.36; if we break below here, it would indicate a turning point in the market and confirm a one-sided short opportunity. But no one knows how long we’ll grind above this level; if we do go up, it represents a risk-reward position worth testing. Or do we really have to wait for the US stocks to break the neckline to trigger a major correction together?
#美CFTC将用AI审核加密注册申请 $BTC
{future}(BTCUSDT)
【Trend Remains, Where to Long or Short】
BTC
Yesterday, after breaking below 7.72 and hitting my short t1, I just let it be; I already took profits on my tail position~
Back to the chart, the 7.72 area is still a battleground for short-term longs and shorts. I won't go into the periodic positions, but the fact that I closed all my longs at 7.87 on the 22nd indicates I'm not optimistic about a trend reversal here on the daily. We're still in a bear market~
I've mentioned the 7.92/8.06 levels many times; right now, just keep an eye on 7.92 and avoid setting left-side limit orders. Just set a price alert, and entering on a spike back down would be a better play. 8.06 is still worth a left-side limit order~
Recently, many folks have been asking if they can go long. My take is if you want to long, watch the 4hr level around 7.36-7.48, and observe the specific volume-price action when we get there. For short-term trades, keep an eye on whether we can reclaim 7.75 today~
To reiterate, my periodic view is still to go up and short; the 4hr MACD has shown two divergences, and if we go up again, I lean towards liquidity hunting. So what if we don’t go up? I'll be watching the downside at 7.36; if we break below here, it would indicate a turning point in the market and confirm a one-sided short opportunity. But no one knows how long we’ll grind above this level; if we do go up, it represents a risk-reward position worth testing. Or do we really have to wait for the US stocks to break the neckline to trigger a major correction together?
#美CFTC将用AI审核加密注册申请 $BTC
{future}(BTCUSDT)