I took a look at BTC, and the trend is pretty much the same as what I analyzed. bitcoin:native
If the 4-hour close holds above, I’ll try a long; stop loss at 83200, target first at 85550;
If it falls below 83277, I’ll try a short; stop loss at 84200, target around 82805.
Right now, the price has pulled back to the short-term support zone around 82940-82252.
The rebound is a bit weak, but overall within today’s range it’s still a small profit, so everyone remember not to overtrade.
For short-term trading: keep an eye on the 82940-82252 support range. If the decline is gradual, you can enter and exit quickly; if it drops sharply, then don’t enter.
Upside pressure is still there. It has broken below 83000, so be careful about a retest. Everyone should watch the close for confirmation and set stop losses properly.
Quote @wen394428142129: I got up this morning and looked at the early session. Several major coins are generally correcting, but they’re still capped below the previous highs, and the 4-hour chart hasn’t closed above them. I feel like there’s no need to chase intraday volatility anymore. BTC: RSI is still hovering around 57, which is still some distance away from the overbought zone. …
$BTC
If the 4-hour close holds above, I’ll try a long; stop loss at 83200, target first at 85550;
If it falls below 83277, I’ll try a short; stop loss at 84200, target around 82805.
Right now, the price has pulled back to the short-term support zone around 82940-82252.
The rebound is a bit weak, but overall within today’s range it’s still a small profit, so everyone remember not to overtrade.
For short-term trading: keep an eye on the 82940-82252 support range. If the decline is gradual, you can enter and exit quickly; if it drops sharply, then don’t enter.
Upside pressure is still there. It has broken below 83000, so be careful about a retest. Everyone should watch the close for confirmation and set stop losses properly.
Quote @wen394428142129: I got up this morning and looked at the early session. Several major coins are generally correcting, but they’re still capped below the previous highs, and the 4-hour chart hasn’t closed above them. I feel like there’s no need to chase intraday volatility anymore. BTC: RSI is still hovering around 57, which is still some distance away from the overbought zone. …
$BTC