Yesterday’s overall trend remained range-bound consolidation. During the early hours of yesterday, at a low level, there was a tea-piercing move and two consecutive summits/cleans together cut down by a total of 1,750 points. In the afternoon, however, it shifted to consolidation at a high level. During that period, there was a small rise of 100 points, then at the high level there were further gains/declines cutting more than 800 points and another short drop of about 700 points. This upward shift of the consolidation range did not mean it was consistently chasing the chart/greed for continuous jumps; rather, it was adjustment. So, if the segmented plan is executed with proper control, you should be able to keep holding the one-way moves and capture more. Most people who end up stuck in a sideways churn are trapped by overly strong luck/hope: when it moves up they keep fantasizing it will go higher, and when it falls they fantasize it will keep dropping—so they end up stuck in the same place.
From the order book/price action perspective, the early-morning surge in volume and volatility on Wednesday was the turning point of this cycle’s rise/fall. If 774 is broken upward effectively, then the move can likely continue upward. The bottom at 749 works the same way: whichever side breaks, the breakout will be followed by a significant continuation. For the moment, at the high-level consolidation, treat it with patience. If price returns to the lower end of the consolidation range, determine—based on the strength—whether it should switch to the downward move. It’s very likely that it will again drop to break the bottom. Overall: first, focus on range-bound consolidation at the high end.
Around 768 to 771 for the move, first look at the area around 756 to 751. $BTC
$ETH
#比特币突破77000美元 #Paradigm披露持有ZEC #美国初请失业金人数降至19.6万
From the order book/price action perspective, the early-morning surge in volume and volatility on Wednesday was the turning point of this cycle’s rise/fall. If 774 is broken upward effectively, then the move can likely continue upward. The bottom at 749 works the same way: whichever side breaks, the breakout will be followed by a significant continuation. For the moment, at the high-level consolidation, treat it with patience. If price returns to the lower end of the consolidation range, determine—based on the strength—whether it should switch to the downward move. It’s very likely that it will again drop to break the bottom. Overall: first, focus on range-bound consolidation at the high end.
Around 768 to 771 for the move, first look at the area around 756 to 751. $BTC
$ETH
#比特币突破77000美元 #Paradigm披露持有ZEC #美国初请失业金人数降至19.6万
