BTC bullish bat supports the 0.66 retracement, and the winning rate is higher after being short first and then long.

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Looking back at the market, the important resistance-intensive area above 43.9k went downward without testing. The price chose to continue downward after repeatedly oscillating near POC. The two yellow trend lines can form a relay triangle and are currently testing and consolidating at the lower edge. Zone VAL coincides with the lower edge of the current test, MACD volume can be extremely downward, and bears dominate.

Taking the POC position of the consolidation triangle when breaking through 40.2k as the left foot, the potential bat that can be drawn is also quite standard. The right foot is about below 40.3k, which happens to be the lower edge area of ​​the gap. The expectation of replenishment is strong, and it overlaps here. The 0.66 retracement area since the rise from 38.5k. If the retracement stabilizes, it will challenge the top of 44k this time.

Another thing to note is that there is a gap near 39.3k, and it coincides with another upward trend line. If there is a pin market, another long hidden bat may be completed here. If it occurs, we will do another analysis.

Violent shorts can go short at the current price. Aggressive shorts can place short orders on the left side of the POC, which is around 43k. Conservative shorts can wait for the triangle to fall below the pullback near VAL to enter on the right side, or wait for the triangle to fall below the bat neckline of about 41.9k to enter on the right side. , the first take profit is 40.3k, and the stop loss is above 43.3k.

The best opportunity for the bulls is still the bat’s right foot position, about 40.3k. The violent bulls can place ladder orders on the left below 40.6k, the aggressive bulls can place orders on the left near 40.3k, and the conservative bulls can cut in on the right. The standard stop loss is below 39.5k, and the violent stop loss is below 39k.

I personally don’t like to watch the market and prefer left-side trading strategies. Trading strategies are time-sensitive. All comments do not constitute any investment advice. I wish you all good luck~