4/3 $BTC [Market Analysis]: This article will not write short-term analysis. It will mainly focus on some spot targets and the callback targets that everyone is concerned about. (There are spot suggestions for big pie and two pie at the end of the article)
Figure 1: The four-hour chart was posted last night. This is a perspective of a rising relay. From such a large level, since the end of February, all the surges and "significant" corrections we have experienced in the previous month are actually adjustments to the relay structure. So since there is a structure, trading is actually not that difficult.
The lower track price of this big triangle has been around 64500 recently, so it just resonates with a strong support. If it falls below, it will test 60850/59000. Of course, for bulls, the phased support of 59,000 cannot be broken. If it is broken, it will look for support at the large level of 52,500-50,800, and below that is 47,200/40,300.
In Figure 2, pull the Fibonacci trend expansion tool. The two targets are 100%/168% at 58800/50800. Coincidentally, they almost coincide with the target levels I mentioned above, so these places can be appropriately increased. Position layout: The location of spot goods.
Regarding black swans, I have not seen any news that may lead to black swans recently. However, it should be noted that bad news such as black swans will most likely explode after the short structure emerges. Therefore, although it is now a bull market background, considering the current trend, we still need to be vigilant when doing long positions. Only spot stocks are the safest.
Figure 3 shows a Fibonacci pull at the weekly level. Pay attention to the three locations in the figure, which are good spot buying points and potential correction targets.
Expectations return to expectations, and when the perspective is pulled back, it is still the adjustment structure of the relay. It does not mean that after the short trend of large levels comes out, you cannot go long and short at small levels. With the emergence of some structures such as parallel channels, relays, etc., transactions are still done the same.
As for the short-term, in a word, if it cannot break through the downward trend line, it is all high-altitude thinking. I posted a picture yesterday, so you can read the historical article on your own.
The large-scale structure is not broken and has not completely weakened.
Spot suggestions 👇
BTC spot 60800/59000/52500-50800
ETH spot 3050/2870/2700
Build a position in the pyramid, and save the bullets to increase the position. Let's talk about it if you go to a lower position.