Daily Share
There is not much to analyze about the current market of Bitcoin. Although it has fallen today, it has not yet directly fallen below 29,000, so it is still considered to be volatile. However, we believe that the final direction will continue to fall, but in the process of volatility, we must prevent the possibility of a small rebound.
For this kind of low-volatility shock market, I personally rarely operate. Of course, there will be some people who are itching to operate, so I will briefly talk about how to operate better. For low-volatility shocks, the first thing is to find the support and resistance, and then do some low-long and high-altitude short-term operations around the support and resistance. Low-volatility shocks basically have to be operated at the point, not at any point I want to enter. Think about it, if the fluctuation is 300 US dollars a day, no matter whether you are long or short, if you open in the middle, the stop profit cannot be closed at the lowest and highest points, such a cut-off order, how can there be any profit.
Therefore, for short-term orders of small amounts of meat, you must find the short-term support and pressure points in advance and operate at the right positions. Only when facing large orders of large amounts of meat can you say that it doesn’t matter if the position is a little better or a little worse, as long as there is enough room to eat meat.
BTC
Due to the rapid changes in the short-term market, the article can only predict the market changes at the moment of publication. Short-term players should pay attention to the latest changes in the market and use it as a reference only.
1H：
At the 1h level, the price has already fallen below the 1h level center. It depends on whether it will fall below 28500. If it falls below 28500, it means a new 4h level decline. If it pulls back to above 29300 tonight or tomorrow morning, the current volatile market will continue.
For the current market, the operation is still quite difficult. There is no room for rebounding upwards, and there is no direct downward break. If you want to short, the fluctuation is one or two hundred dollars a day. In general, it is recommended to only do one direction, that is, find a position to short when there is a rebound. Or make a short order with a low multiple and a far-away liquidation price, and hold it.
Try to watch more and do less. Anyway, with my operating level, I can't make money every day in such a market. It's better to try to be more stable.
15M：
At the 15-minute level, let's see how strong the decline is. The short-term support is at 29,000, and the next level is 28,500. If it doesn't fall below 29,000 overnight, it may continue to return to the oscillating mode.
ETH
Ethereum is weak, reaching a low of 1814 in the morning, not far from the previous low of 1802. It should be noted that it may directly fall from the 4h central axis. At the 1h level, if it can pull back above 1840, it can continue to fluctuate. If it can't pull back, pay attention to the support of 1800. If 1800 is broken, the next position is 1750.
Trend Direction
Weekly level: The direction is downward, and the weekly level is oscillating at the top. It should be almost done. The last wave of rebound is a lure for more.
Daily level: The direction is downward, and there is a high probability that 31800 is the top
4-hour level: The direction is downward. If it falls below 28,500, it can be confirmed that there is a decline at the 4h level.
1-hour level: Downward direction, observe whether the short-term can further fall below 29,000
15-minute level: The direction is downward. If it can be pulled back above 29,300, the shock will continue. If it cannot be pulled back, it will slowly fall and the support below needs to be observed.