mystery蛋先生

10%$TAO

This position still requires considerable attention, the cryptocurrency-based funds have always been negative, but they just won't drop $BTC

Bitcoin K-line reference, last night multiple rebounds were blocked at 0.618 $BTC

Hold on, still want to wait for a drop to short after the rebound 😂$BTC

👀👀👀$BTC

The data meets expectations, with no highs or lows, so it has little impact on the market $BTC

The CPI data at 8:30 PM tonight is quite important and crucial for future rate cuts, so keep an eye on $BTC

From the weekly K chart perspective, the year 2024 has also seen the same hammer candlestick as last week's closing. Subsequently, it entered a continuous upward trend. However, we cannot directly assume that this time will be the same as in 2024 and mindlessly go long.

We can wait until next Monday, the 16th, to see this week's K line, and then we will know. If it breaks through, as previously mentioned, the strong resistance level will be surpassed, and a reversal signal will appear. Currently, Bitcoin is in a volatile market, bouncing up and down without any direction $BTC

Bitcoin View: Reference 4H, 1H
Review: Yesterday, after being blocked at the 0.618 rebound position, a short position was made at 708, which can be considered a left-side trade. Although there was no clear short signal, the U.S. stock market opened with a drop and then rebounded, hitting the breakeven stop loss.

Returning to the candlestick chart: From the 4-hour candlestick chart, we can clearly see that there is a resistance level in the 710-715 range. After touching this range twice yesterday, it sharply dropped, but the downward momentum was not strong. It is still in a high-level consolidation and oscillation pattern. The bullish structure in the short-term time frame has not been completely destroyed.

Looking at this segment of the market from the 1-hour level, the 691-694 range is the bullish structure of this segment. Once it is broken, there is a possibility of a direct acceleration downwards. Therefore, those who want to short can wait to see if it will break down in the evening.

Shorting Strategy: If it breaks below the 691-694 range and then rebounds back up to face resistance, then a short position can be entered, with an initial target of 680. If it continues to break down, hold on; if it holds, then exit directly.

The currently strong support is the 0.618 retracement of this segment, so shorting should also consider this position, $BTC

Awesome, this can be pulled back directly 🤡$BTC

First, set the capital protection loss with the brothers. If it can rebound back, it proves that this single direction is wrong, just in case $BTC

Don't let down 😂$BTC

I'll try a shot, stop loss at 718, take profit to be determined, it's considered a left-side order $BTC

From the perspective of medium to long-term candlestick charts, above 744 is a mountain; 744 is the neckline of the mountain, which is a strong resistance level. If it breaks through, then it can be considered that the reversal has come$BTC

Tao is breaking through the daily downtrend + horizontal resistance. If the daily close stabilizes above tomorrow, it is possible to enter the spot market, targeting 240-294 $TAO

Tonight summer time begins, and the opening time of Wall Street will be after 9:30 in the Eastern Eight Zone, with important economic data being released at 8:30. $BTC

Bitcoin View: Reference 4H
Last week, it was mentioned that sweeping away the upper liquidity and making false breakout actions in any time frame can directly lead to short positions, so it has already fallen by 9% at this point.
Today is Monday, and from the weekly perspective, the weekly candle closed as a very long hammer candle, which also indicates that the previous bearish liquidity has basically been swept away.

From the candlestick perspective, a pressure level has formed around 688 in the short term, which is also some liquidity formed over the weekend. If the rebound is blocked here, then a short position can be opened directly. If it is not blocked and breaks through directly, then wait for the upper level of 70,000 to consider going short.

As for going long, there aren't any particularly good positions at the moment. Currently, we can only wait for the support range of the previous lows around 630-624. If this level holds, then we can go long; if it doesn't, we can only see if a double bottom forms near 60,000 $BTC

The analysis in section 4 mentions that any time period that eliminates liquidity and creates a false breakout can directly open a short position. It has already dropped by 6%$BTC

The K-line support and resistance switch position after Bitcoin breaks the resistance, for reference only $BTC

Bitcoin Perspective: Reference 4H
Yesterday, Bitcoin retraced to the POC position and held up, bouncing back to around 70,000,

So, currently, the 70K area for Bitcoin has a triple top resistance level. You can pay attention to the key points I have drawn in the chart. Any time period, once liquidity is taken out and a false breakout occurs, it is possible to go short, with a stop loss of 800-1000 dollars.

This trading strategy is recommended for right-side trading; do not place orders on the left side. The upper positions may hit, or they might not and just drop directly,

In the short term, there is still a green upward trend line on the chart. If it breaks down from the trend and accelerates downwards with volume, then it is highly likely to drop to the red upward trend line. $BTC