BTC trend analysis

鼎诚币胜客 · 2023-10-03T13:26:47.000Z

[Today’s Strategy-BTC] Since yesterday’s rise in the BTC pie, there has been a certain degree of decline today, but judging from the magnitude of the decline, it has not formed a positive and negative situation at the daily level. Since it has fallen back from the highs, we need to determine the strategy for the current market. Issues to focus on. Judging from the 4-hour level of BTC, the long upper shadow of Ether on the daily level and the negative K of the next day have a certain lethality for the bulls from mainstream currencies. However, if you carefully observe the magnitude of the callback, in fact, there is no internal formation of 4 Hour A kill, and after forming a head and shoulders top at the 4-hour level, due to yesterday's breakthrough, today's retracement of the trend line support formed by the left and right shoulders of the head and shoulders top is a normal washing action on the technical side, so currently, as long as it is not It has effectively broken through 27200 points, and the market is dominated by low and long thinking. Don’t forget that it is a fact that the production of the big pie will be reduced next year. Can it stand at 30,000 US dollars again? Follow me and witness together! Strategy: Go long in the 27200-27300 range, target 27900, defend 26870

【Today’s Strategy-BTC】
Since the rise of BTC yesterday, there has been a certain decline today, but judging from the decline, it has not formed a positive-enclosing-negative level on the daily line. Since it has risen and then fallen, how to formulate strategies in the current market is an issue that we need to focus on.
From the perspective of BTC's 4-hour level, Ethereum's long upper shadow on the daily level and the next day's negative K have a certain lethality to the bulls from the mainstream currencies, but a careful observation of the callback range shows that there is actually no 4-hour A kill inside, and after the head and shoulders top is formed at the 4-hour level, due to yesterday's breakthrough, today's retracement to the trend line support formed by the left and right shoulders of the head and shoulders top is a normal technical wash action. Therefore, at present, as long as it is not an effective break of 27,200 points, it is mainly based on low-multiple thinking. Don't forget that the reduction in production of big cakes next year is a fact. Can it stand on 30,000 US dollars again? Follow me and witness it together!
Strategy: Buy in the 27200-27300 range, target 27900, defense 26870