Downward trends do not happen overnight; otherwise, how can more people be trapped?
Most people cannot distinguish what determines the price, and only when trading do they experience blind panic/fear.
So now, "How to trade after a breakout and rebound, and how far can it rebound?"
💖 First, look at BTC. Last night, the left-side long position was stopped out at 998, and I fell asleep at 98k without trading.
Waking up, it rebounded but was also suppressed by the moving averages.
Pay attention to the reversal around 1035, the descending trendline, which is also a previously tested support turning into resistance. When the price reaches this level, observe the closing line, and you'll know how the market will move.
Will it rebound to continue the four-hour level downward trend 📉, or will it make a wide oscillation towards a new high? Focus on the reaction around 1035.
💙 Heatmap shows bearish liquidity at 1035.
The rebound near 98k last night may trigger an upward liquidation of shorts, resonating with the 1035 level.
Tonight, the U.S. market will likely decide if this wave is a false breakout followed by continued oscillation (looking towards new highs) or a downward rebound. Just keep an eye on 1035.
🧡 ETH directly crashed through 2385 a couple of days ago, which is the benefit of not holding positions.
If it really breaks down, you would have been positioned at the highs. Always be cautious with left-side positions.
I fell asleep and missed the rebound near 2130, gradually reducing positions on the ones I did catch.
After the downward rebound, the key level to watch is around 2300; this upward segment is a blank zone. A breakout here allows for a right-side entry for long positions aiming for the starting drop point at 2384 and 2450, reducing positions in batches.
MACD is below the zero axis, and long positions are against the trend. Those who are trapped during the rebound, whether in spot or contracts, need to reduce their positions (unless you want to be trapped by altcoins for a year or more).
Most people cannot distinguish what determines the price, and only when trading do they experience blind panic/fear.
So now, "How to trade after a breakout and rebound, and how far can it rebound?"
💖 First, look at BTC. Last night, the left-side long position was stopped out at 998, and I fell asleep at 98k without trading.
Waking up, it rebounded but was also suppressed by the moving averages.
Pay attention to the reversal around 1035, the descending trendline, which is also a previously tested support turning into resistance. When the price reaches this level, observe the closing line, and you'll know how the market will move.
Will it rebound to continue the four-hour level downward trend 📉, or will it make a wide oscillation towards a new high? Focus on the reaction around 1035.
💙 Heatmap shows bearish liquidity at 1035.
The rebound near 98k last night may trigger an upward liquidation of shorts, resonating with the 1035 level.
Tonight, the U.S. market will likely decide if this wave is a false breakout followed by continued oscillation (looking towards new highs) or a downward rebound. Just keep an eye on 1035.
🧡 ETH directly crashed through 2385 a couple of days ago, which is the benefit of not holding positions.
If it really breaks down, you would have been positioned at the highs. Always be cautious with left-side positions.
I fell asleep and missed the rebound near 2130, gradually reducing positions on the ones I did catch.
After the downward rebound, the key level to watch is around 2300; this upward segment is a blank zone. A breakout here allows for a right-side entry for long positions aiming for the starting drop point at 2384 and 2450, reducing positions in batches.
MACD is below the zero axis, and long positions are against the trend. Those who are trapped during the rebound, whether in spot or contracts, need to reduce their positions (unless you want to be trapped by altcoins for a year or more).