2023.10.7 evening supplement:

In the 28000-28333 range, currently, in terms of chip distribution and participation, it can be said that there is a lot of pressure!

When we reach this position, it is common sense that most people choose this area to sell short. The main force cannot break through for a long time, and the three needles and two swords are all suppressed. The message sent to the market is that this range will not break out for a while. It can be said that as long as you are analyzing indicators, you will pay attention to this area as the key range. If it breaks through, it may touch 28800 or even 29000. If it fails suddenly, it may start a downward trend again!

This area has failed to break through three times in the past week, giving the Air Force unlimited daydreams. Steady traders began to wait and see; aggressive traders began to sell shorts, and ultra-short-term traders began to look for opportunities to fight both long and short!

focus on:

1. On weekends and Monday, the price remained above 28300, seeking a short squeeze.

2. Pay attention to the strength of the support below. A rapid decline is not scary, but a negative decline is scary.

3. The key support level cannot be broken after stepping back. The price-performance ratio of the low long position is higher than the risk of being suddend by the short position. This is the comparison of market sentiment. The inertia of the past does not represent the current trend. #BTC