$BTC This daily K chart is posted Those who understand the

Post

$BTC This daily K chart is posted

Those who understand the basics also know how it might move.

Similar to the last metaphor of carving a boat to seek a sword, this is another false breakout, the second push during the decline, and this is one of the reasons why some people watch 5W/4W.

If it really moves like this, after the second push, it will basically be close to the bottom.

$BTC

余三水

If you can't understand the trend, just list a few moving averages for assistance.

But the focus should still be on "support/resistance".

The arrangement of moving averages is only a reference for the trend and is not suitable as an entry and exit signal.

For example, although $ETH shows a bullish arrangement on the 4H chart, it is still in a large bearish arrangement on the 1D chart.

Currently, it is still considered just a pullback in a major downward trend.

To break this situation, it will require a breakthrough on the 4H chart, and only after another range breakout can we determine that a reversal in the major cycle has begun.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

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