In the past two days, the trend of Bitcoin has been relatively repeated. Many people cannot bear it and always want to make a few short-term orders to relieve their itch. But I want to tell you that this is the darkness before dawn. Bitcoin may re-establish its medium-term operating direction in the future. According to historical experience and statistics, the more such moments there are, the greater the market reshuffle will be!
First, let us sort out the market trend evolution in the future from the perspective of three cycles!
Daily trend: long
At present, the medium-term trend of the daily line is very clear, and the overall trend is running in a step-by-step oscillating upward pattern. The bullish trend is clear. Although the current price is at a relatively low level, some friends may wonder where Bitcoin will rise if it continues to rise in the future. What I want to say here is that the market does not change based on personal subjective conjectures, so where it can rise is not something we can guess. What we have to do is to identify the trend and then follow the trend. At present, only the medium-term trend of the daily line is bullish, and it has been oscillating at a relatively low level for more than a month. I believe that a new round of space will open up soon. As for whether it will go further up to a new high, or fall below the key point of the platform at 25,800 and then start a medium-term decline, this is subject to the final verification of the market! You need to wait patiently, it will appear soon!
Four-hour direction; empty
As I said earlier, the medium-term trend of the daily line is bullish. But I want to emphasize that the current four-hour pattern has already peaked and turned bearish, showing a downward trend, which is contrary to the direction of the daily line. And the daily price is running sideways at a low level! If the price falls below 25,800, the medium-term short position will be established, and there will be a lot of room for decline. But if the price holds 25,800, the bulls will continue to rise!
One hour direction; empty
The one-hour direction is also very clear. After the price fell below 26,300, the one-hour pattern peaked and the direction was bearish. The overall trend is currently in a downward trend. The short-term bearish target point below is in the 25,800 area! This is regarded as the short-term falling target of the bears. To be precise, 25,800 is critical! It is the dividing line between the strength and weakness of the daily medium-term trend.
Summarize:
If the price falls back to above 26300 in the short term and stabilizes, and the one-hour pattern bottoms out, it will resonate with the bullish trend of the daily line. At that time, we will arrange long positions and continue to be bullish! Or the market will reach a new high in the future!
But if the price falls below or closes below 25800 on the daily line, the medium-term trend of the daily line will peak. At that time, for the medium-term trend, Bitcoin will most likely start a long round of decline! So I said that the recent repeated trend of Bitcoin requires more patience from everyone, because a new round of trend is about to begin!
In the morning, we entered the multi-order at 26300. For short-term trading, we can focus on 26800 first, or wait for the one-hour pattern to bottom out before closing the position! Of course, if the price can successfully fall below 25800, you can try to hold short positions in the medium and long term! Even if the second rise begins, there will be a one-hour bottom pattern, so just pay attention to the changes in the one-hour pattern! $BTC $ETH #美联储是否加息？
