Morning Analysis
Yesterday's morning analysis basically executed the strategy and profited. After various signals indicating a peak appeared, entering on the right side feels more comfortable. Many friends chose to enter in the middle, which makes it easy to exit (there were no signals, and it's not a high point).
Yesterday, after the US stock market opened, the trend was almost the same as the day before, with a large bearish candlestick crashing down, followed by a large bullish candlestick recovering, resembling a roller coaster going up and down. Aside from the increased trading volume, there were no directional signals.
Additionally, it's worth mentioning that the short position taken yesterday was not solely due to the large bearish candlestick from the US stock market opening; it was more because the morning analysis indicated a top divergence in Bitcoin on the 1-hour chart and a bearish candlestick pattern, with the signal appearing only after the US market opened.
We can see that Bitcoin dipped down to 910, indicating that the support level is particularly strong, and the candlestick signals are also strong. It seems relatively difficult to break through 910 at the moment, and this pullback might be caused by the 1-hour top divergence.
We are still in a wide-range fluctuation; if BTC does not rise above 940, a short position will still be considered, or placing a short order at 940 with a $500 stop loss, which would result in a very high risk-reward ratio. Bitcoin is currently showing weak upward momentum, and there is a significant chance it will retrace to the 917 or even 910 level, so everyone can consider entering long positions in batches at 917 and 910.
PS: Today is Friday; I wonder if there will be a Black Friday.
#加密市场观察 #ETH走势分析 #美联储重启降息步伐 $BTC
