$BTC Big pancake afternoon market: the long momentum is exhausted. The market center of gravity keeps slipping downward. On the 2-hour timeframe, moving averages form a bearish alignment. Price falls back to around the lower Bollinger Band. MACD makes a high-level dead cross and moves downward.
Resistance above: EMA30 at 84233. Rallies cannot hold here, so the bearish trend continues.
Support below: 83114. A break below would open the door for a deeper pullback. On the 15-minute short-term cycle, prices quickly probe the low at 83166 and then make a slight rebound. The Bollinger Bands narrow and point downward, moving averages continue to suppress the candlesticks, and the MACD green histogram shrinks. This is only a rebound during a downtrend, not a reversal.
For intraday swing trading, prioritize short (bearish).
If there is a rebound, test the sell zone 83780-83850. Take profit/target 83200. Stop loss: above 84150.
For an intraday northbound trade, only lightly position for an oversold bounce. If it pulls back to 83150 and stabilizes, then consider.
For a medium-term setup: buy (enter) on the pullback in the 83150 to 82700 range. Stop loss: 400 points. First target: 85000. Second target: the prior high. Give yourself three opportunities for the medium-term entry. If it breaks, strictly stop out, and look for another opportunity to enter.
Intraday: use a strict stop loss, and trade with fast entry/fast exit. #BTC走势分析
Resistance above: EMA30 at 84233. Rallies cannot hold here, so the bearish trend continues.
Support below: 83114. A break below would open the door for a deeper pullback. On the 15-minute short-term cycle, prices quickly probe the low at 83166 and then make a slight rebound. The Bollinger Bands narrow and point downward, moving averages continue to suppress the candlesticks, and the MACD green histogram shrinks. This is only a rebound during a downtrend, not a reversal.
For intraday swing trading, prioritize short (bearish).
If there is a rebound, test the sell zone 83780-83850. Take profit/target 83200. Stop loss: above 84150.
For an intraday northbound trade, only lightly position for an oversold bounce. If it pulls back to 83150 and stabilizes, then consider.
For a medium-term setup: buy (enter) on the pullback in the 83150 to 82700 range. Stop loss: 400 points. First target: 85000. Second target: the prior high. Give yourself three opportunities for the medium-term entry. If it breaks, strictly stop out, and look for another opportunity to enter.
Intraday: use a strict stop loss, and trade with fast entry/fast exit. #BTC走势分析
