Hello everyone, I am 08 from Jujing Academy. Welcome to my technical analysis tutorial series. Your likes are the greatest support to me.
1. Hotspot Interpretation
1. Short-term long and short liquidation positions
As can be seen from the figure, the current short-term long and short liquidation positions are basically equal, both accumulated around 1 billion U, and the short-term liquidation prices of short positions are accumulated around the two price levels of 29435-29620.
The cumulative liquidation price of long orders is around 28850, about 450 million.
2. Market Analysis
Today, I talked to fans in the QQ group about where the bottom of the bitcoin is. Many people still think there will be a deep correction in the future. Some say 9,000, and some say 13,800. To be honest, this possibility is inevitable. But based on the current market sentiment, it is indeed difficult. Unless there is a situation where the SEC rejects the US institutional spot ETF application + continues to raise interest rates, there is a possibility of a crash.
Can you bet that the market will go that way?
As long as this upward trend line has not been broken, we should not be overly bearish.
3. Dry Goods
First, let me reflect on myself: I wrote the date wrong and the time wrong.
I will make some content adjustments later, and I will send out the logic of opening an order each time.
The first is positioning: according to our order opening logic: because of the volatile market, we are short-term operators.
Therefore, when judging the trend at the operational level, our large cycle is the 4-hour level. It is obvious from the 4-hour level that the current trend is downward (moving average). That is to find the large-scale pressure level first.
From the above figure, we can see that the pressure trend line of BCH has not broken through the 4-hour MA144 moving average position in the previous market, which has formed a pressure level in the minds of market participants. The moving average suppresses the rebound of the market, so we also have reason to believe that there will be no breakthrough here.
The current market trend and status have been determined at a large level: a volatile downward trend.
This BCH 15-minute level, 15 minutes here is a very typical moving average glued at the start of a pattern, if it is in the rising market, this is a very good starting point, and there will be a good increase. Unfortunately, due to the constraints of the large level, it is difficult to have a big performance. It can only be said that the rebound is relatively strong. Our entry point is 235.5 for aggressive and 236.5 for conservative.
Moreover, this rise is not strong, there is no direct breakthrough with a single positive line. On the contrary, it has to be pulled up little by little in a back and forth tug of war, and the bottom is still too high. This is why I think this order can be accepted but cannot be pulled up.
Stop loss and take profit: Because we are doing intraday short-term trading, the stop loss is a narrow stop loss, set at 238. The take profit is set at 230, which means that the profit and loss ratio reaches 2:1.
Our profit-loss ratio is also fine. We have done everything we can do. The only thing left is to wait and leave it to the market. In fact, for us traders, all orders are probabilities. There is no trader who always makes money in this world. The market will reward us. When we do it right, the market will reward us with profits. When we do it wrong, it will result in losses.
It’s just like going to work. If you make a mistake, just stand at attention and take the scolding. There’s no need to talk too much to the market because the market is always right.