$BTC
From a technical structure perspective, after the daily chart has spent a long time consolidating and building momentum in the early stage, it is currently in a phase of breaking down on increased volume. Once the support is breached, the price action clearly weakens. Although the market is currently adjusting in the short term, after the adjustment ends, the bearish trend is still favored to continue. After all, when comparing the overall downside potential, the current rebound strength is still nowhere near enough to form conditions for a trend reversal.
Right now, BTC (as “大饼”) after probing lower is still in a weak sideways consolidation rhythm overall—still bearish. We should follow the shorts first; however, you can wait for the rebound and then follow up.
After the smaller timeframe surged and then pulled back, the moving average indicators have begun to diverge downward, gradually releasing bearish momentum. Once the rebound correction is completed, this is still an opportunity to enter a short position from a high point. In this kind of setup, the key is mainly to monitor how strongly the trend continues in the afternoon. If the bearish move continues in the afternoon, it is likely to become a one-way move; if it doesn’t continue, then simply seize the afternoon rebound as the follow-up entry.
BTC: short around 64300–64800; target is near 63000.
This kind of market isn’t complicated. It’s just about reading the trend correctly and placing your entries at the right positions—then profits will naturally come knocking. The answer has always been laid out in the structure of the price action; it’s just that some people habitually choose to ignore what’s in front of them. After the significant breakdown, it is expected to shift into a consolidation rhythm, since the room for further retracement has also been relatively large. In the morning, it will most likely show only a modest consolidation. But the trend hasn’t changed—so the approach shouldn’t change either. Maintain the rebound-to-short rhythm and wait patiently for the next good entry point.
From a technical structure perspective, after the daily chart has spent a long time consolidating and building momentum in the early stage, it is currently in a phase of breaking down on increased volume. Once the support is breached, the price action clearly weakens. Although the market is currently adjusting in the short term, after the adjustment ends, the bearish trend is still favored to continue. After all, when comparing the overall downside potential, the current rebound strength is still nowhere near enough to form conditions for a trend reversal.
Right now, BTC (as “大饼”) after probing lower is still in a weak sideways consolidation rhythm overall—still bearish. We should follow the shorts first; however, you can wait for the rebound and then follow up.
After the smaller timeframe surged and then pulled back, the moving average indicators have begun to diverge downward, gradually releasing bearish momentum. Once the rebound correction is completed, this is still an opportunity to enter a short position from a high point. In this kind of setup, the key is mainly to monitor how strongly the trend continues in the afternoon. If the bearish move continues in the afternoon, it is likely to become a one-way move; if it doesn’t continue, then simply seize the afternoon rebound as the follow-up entry.
BTC: short around 64300–64800; target is near 63000.
This kind of market isn’t complicated. It’s just about reading the trend correctly and placing your entries at the right positions—then profits will naturally come knocking. The answer has always been laid out in the structure of the price action; it’s just that some people habitually choose to ignore what’s in front of them. After the significant breakdown, it is expected to shift into a consolidation rhythm, since the room for further retracement has also been relatively large. In the morning, it will most likely show only a modest consolidation. But the trend hasn’t changed—so the approach shouldn’t change either. Maintain the rebound-to-short rhythm and wait patiently for the next good entry point.