To simplify, the trend is actually very simple!

##BTC ##ETH The interest rate decision remained unchanged in the early hours of this morning, and the market fluctuated little. There was a rapid decline this morning, and the daily closing line officially closed below the previous needle tip, causing the price to fall below situation, but should we immediately chase short here? I do not think so!

At the daily level, the current position is in the strong support area, which is formed by the two previous high points. So far, this can only be regarded as a retracement to the previous high, and it cannot be regarded as a break. In addition, the OB position below is obvious. If the OB position is touched here and a relatively good small-level bottom pattern appears, you can open a long position. Looking at the chip distribution, you will find that this is exactly the position of VAH. There is a certain support situation. If you want to short, I will only wait until it falls below OB and OB cannot go up before I open a short position. Because according to the chip distribution theory, if it falls below VAH from above, the market will most likely come to the POC area, then you will find that the space is very large, so there is no need to rush.

Looking at the 1-hour level again, what I am waiting for here is to wait for the low point to be broken again to form a false breakout and recovery action. It is best to insert the pin to the OB position below (in the process of rapid decline, the first rebound is mostly unsuccessful. Believe it, it will go down), this is the first entry point, and then it will be the second entry point after returning to the previous low. The final current position may be temporarily placed at the OB position above. It depends on the situation at the OB position, whether to intervene. Empty order.

Summary: Although the market is falling rapidly, you must not be anxious. The trend is actually very simple. Don’t think about it so complicatedly. You must learn to simplify complicated things, repeat simple things, and maintain execution, and you will naturally stabilize!