$BTC Evening Viewpoints: 8.5.
The big cake broke through the intrahour consolidation range box and the 64052 resistance level, and has been trading above 64052. After breaking 64052, look at how many times it pulled back to the area pointed to by the white arrow below, confirming that the support was effective. Once the support confirmation became effective, a normal pull-up should have appeared—but it didn’t. Why didn’t it pull up? I don’t know! Instead, it repeatedly poked upward trying to break above the 64662 resistance level pointed to by the red arrow above, but unfortunately it failed. If it can’t break above 64662 resistance and can’t drop below the 64052 support, then for now it can only get stuck in the 64662–64052 interval highlighted by the red box and churn through a range-bound volatility. For the big cake to continue the rebound, it must break the 64662 resistance. If it can’t, it’s useless. As long as the big cake doesn’t fall below the consolidation zone marked in the red box, it won’t return to the 63332 area. Once the consolidation zone marked in the red box is broken down and it revisits the 63332 support, then as long as it doesn’t break 63332, it will move through 63332–64052 consolidation—meaning it returns to the consolidation zone marked by the white box and continues trading there.
One very important point: if 63332 doesn’t break, the AB=CD segment hasn’t been violated. The target upside position for the AB=CD rise is around 65288. The prerequisites are: it must not break 63332, and it must also break 64662—both conditions are indispensable. If it breaks 63332, it will go back to where it rose from. Personally, I lean toward continued upside because the intrahour highs and lows are all being raised.
The big cake, with volume, broke above 64332 and the aggressive buyers chased long.
63954, with volume, broke below; the pullback couldn’t reclaim the right side and keep chasing shorts—set a good stop-loss.
At the intrahour level, once it breaks and holds above 64332, look for 64662–65288. If it can’t get above 64332, it’s useless.
On the 4-hour timeframe, if it breaks below 63954, look for 63332–62550.
Can’t write more—please see the comments section. Very important.
$BTC
#美电信股盘前下跌
The big cake broke through the intrahour consolidation range box and the 64052 resistance level, and has been trading above 64052. After breaking 64052, look at how many times it pulled back to the area pointed to by the white arrow below, confirming that the support was effective. Once the support confirmation became effective, a normal pull-up should have appeared—but it didn’t. Why didn’t it pull up? I don’t know! Instead, it repeatedly poked upward trying to break above the 64662 resistance level pointed to by the red arrow above, but unfortunately it failed. If it can’t break above 64662 resistance and can’t drop below the 64052 support, then for now it can only get stuck in the 64662–64052 interval highlighted by the red box and churn through a range-bound volatility. For the big cake to continue the rebound, it must break the 64662 resistance. If it can’t, it’s useless. As long as the big cake doesn’t fall below the consolidation zone marked in the red box, it won’t return to the 63332 area. Once the consolidation zone marked in the red box is broken down and it revisits the 63332 support, then as long as it doesn’t break 63332, it will move through 63332–64052 consolidation—meaning it returns to the consolidation zone marked by the white box and continues trading there.
One very important point: if 63332 doesn’t break, the AB=CD segment hasn’t been violated. The target upside position for the AB=CD rise is around 65288. The prerequisites are: it must not break 63332, and it must also break 64662—both conditions are indispensable. If it breaks 63332, it will go back to where it rose from. Personally, I lean toward continued upside because the intrahour highs and lows are all being raised.
The big cake, with volume, broke above 64332 and the aggressive buyers chased long.
63954, with volume, broke below; the pullback couldn’t reclaim the right side and keep chasing shorts—set a good stop-loss.
At the intrahour level, once it breaks and holds above 64332, look for 64662–65288. If it can’t get above 64332, it’s useless.
On the 4-hour timeframe, if it breaks below 63954, look for 63332–62550.
Can’t write more—please see the comments section. Very important.
$BTC
#美电信股盘前下跌