$BTC is maintaining around 84,000 with sideways volatility; both the range and space are gradually shrinking. A new direction will come out soon!
After the price dropped from the major structure and the historical high, it entered a clearly downward channel (yellow parallel lines). The green box highlights this whole decline and consolidation phase. The current price is around 83; it has already retraced quite a bit from the high. Also, the weekly chart has not yet shown an obvious bottoming reversal signal, and it hasn’t completely broken through a more important cycle support yet.
In my personal view, you can short now, but it’s only suitable for trend-following short-term shorts or swing shorts—not for a heavily sized, long-term “dead short.” The reason is that the bearish structure on the weekly chart and the descending channel are still functioning. Price is being suppressed by the upper moving averages and the channel’s upper boundary, so rebound height is limited. The adjustment from the high hasn’t finished yet.
Typical entry locations: right now is neither an excellent short entry at the upper edge of the channel, nor a position where a clear breakdown acceleration has occurred. Around 83k looks more like the consolidation zone in the middle-to-lower part of the channel. Blindly going heavily short can easily get repeatedly stopped out.
For the short direction: either look for a lightly sized short near short-term resistance when price rebounds to around 84,500–86,000, or wait for a clear breakdown below 82,000–82,500 and then follow.
Stop loss: place it above 87,000–88,000; if price breaks above the recent high, acknowledge the mistake.
Targets: first target at 78,000–80,000, and the second target at the support zone 74,000–76,000.
#股票财报季 #QNT一周涨287%
Going forward, I’ll keep monitoring the market. Key levels and entry/exit strategies will be synced to the chat room immediately—feel free to check out Niu Ge’s official chat room!
After the price dropped from the major structure and the historical high, it entered a clearly downward channel (yellow parallel lines). The green box highlights this whole decline and consolidation phase. The current price is around 83; it has already retraced quite a bit from the high. Also, the weekly chart has not yet shown an obvious bottoming reversal signal, and it hasn’t completely broken through a more important cycle support yet.
In my personal view, you can short now, but it’s only suitable for trend-following short-term shorts or swing shorts—not for a heavily sized, long-term “dead short.” The reason is that the bearish structure on the weekly chart and the descending channel are still functioning. Price is being suppressed by the upper moving averages and the channel’s upper boundary, so rebound height is limited. The adjustment from the high hasn’t finished yet.
Typical entry locations: right now is neither an excellent short entry at the upper edge of the channel, nor a position where a clear breakdown acceleration has occurred. Around 83k looks more like the consolidation zone in the middle-to-lower part of the channel. Blindly going heavily short can easily get repeatedly stopped out.
For the short direction: either look for a lightly sized short near short-term resistance when price rebounds to around 84,500–86,000, or wait for a clear breakdown below 82,000–82,500 and then follow.
Stop loss: place it above 87,000–88,000; if price breaks above the recent high, acknowledge the mistake.
Targets: first target at 78,000–80,000, and the second target at the support zone 74,000–76,000.
#股票财报季 #QNT一周涨287%
Going forward, I’ll keep monitoring the market. Key levels and entry/exit strategies will be synced to the chat room immediately—feel free to check out Niu Ge’s official chat room!
