That’s disastrous! Another technical mistake.
I only see it reversing when it reaches at least 79,800, so I placed my take-profit at 79,600 and set a sell order at 79,800—this is to safeguard my profits. It’s a take-profit, but my short position didn’t get filled. I’m fed up.
Right now Bitcoin is around 78,680. I already said earlier it would rebound after reaching the top of the channel and then wouldn’t break through downward—but now it looks like I need to overturn my previous judgment. This channel still has new lows (the last new low). I thought the bulls would strongly push up to test it, but they couldn’t even touch 80,000...
Currently, the channel is at stage 3, which is also the final leg, so the price swings will be bigger. My current target is for 77,000 to act as the bottom. After that, as I said, there will be a big breakout that would at least return to the area near the previous high—around 81,000 or more.
Short-term market analysis: There may be signs of a brief rebound, but ultimately the primary target is 77,000. The important stop-loss point is at 80,000!!
As for the mid-term market analysis, the most likely goal is to avoid breaking the previous high. As long as it doesn’t break through, there will be a major drawdown (for example, below 70,000).
$BTC #BTC #BTC走势分析
I placed a short at 79,000—does anyone know whether it can still get filled?
I only see it reversing when it reaches at least 79,800, so I placed my take-profit at 79,600 and set a sell order at 79,800—this is to safeguard my profits. It’s a take-profit, but my short position didn’t get filled. I’m fed up.
Right now Bitcoin is around 78,680. I already said earlier it would rebound after reaching the top of the channel and then wouldn’t break through downward—but now it looks like I need to overturn my previous judgment. This channel still has new lows (the last new low). I thought the bulls would strongly push up to test it, but they couldn’t even touch 80,000...
Currently, the channel is at stage 3, which is also the final leg, so the price swings will be bigger. My current target is for 77,000 to act as the bottom. After that, as I said, there will be a big breakout that would at least return to the area near the previous high—around 81,000 or more.
Short-term market analysis: There may be signs of a brief rebound, but ultimately the primary target is 77,000. The important stop-loss point is at 80,000!!
As for the mid-term market analysis, the most likely goal is to avoid breaking the previous high. As long as it doesn’t break through, there will be a major drawdown (for example, below 70,000).
$BTC #BTC #BTC走势分析
I placed a short at 79,000—does anyone know whether it can still get filled?
