$BTC
Will there be a sharp drop and callback?
Use the simplest indicators and charts that you can understand! !
Just talk about the trend and nothing else.
As shown in Figure 1, the daily level has been falling since March, and the troughs are lower than the previous ones. But the situation may be reversed in September.
The last wave of troughs is higher than the previous one. Next, it depends on whether BTC can reach 68,000 and stabilize. If this trend occurs, then the Fed may cut interest rates again, and the policy will be favorable, and the bull market will start.
Then we look at the callback, each round of peaks (that is, the top of the band will be callback), which is also a point where many technical bloggers have died recently.
This cannot be fully applied! Otherwise, from 40,000 to 70,000 in the early years, you tell me what technical indicators are.
So we go back to Figure 2, do short-term waves at the one-hour level, or yesterday's chart, and the trend is also that trend.
The technical side has indeed reached an awkward position, with a large long-short ratio. The volume is shrinking now.
But as I said,
all factors are bearish, but we have to be careful, such as the continuous inflow of ETFs and the continuous rise of benchmark stocks. .
There is no news on the weekend, so I will place orders in advance. I will not place strategies today.
When the trend is clear, I will directly update the current price of the square! !
When making strategies, don’t pursue following every section, just make money, and ensure that you make money in the end.
At the critical moment, there will be a big wave.
Follow up! !