Hello everyone, I am Jingcai, who you are familiar with. After a 5-minute plunge, BTC has been fluctuating between 25600 and 27000 after reaching 24581. I think it may take a long time to repair the market. This kind of decline is indeed quite extreme. I think this wave is similar to the last 312 wave. My prediction in June was that such a decline would occur after October, but now it has fallen in advance. First of all, the bull market is still there, and there will generally be several plunges during the bull market. It’s just that I didn’t expect this wave to come so quickly. I also lost money after this wave. But in such a market, I still insist on this wave of the main force’s position washing. Will it be a real bull market after washing out many longs? Now in the short term, you can wait for a position at 25000-25500. The current situation in the short term is indeed a bit difficult, so you can only wait patiently.

Then let's return to the market trend. BTC fell to around 24580 and then rebounded quickly to around 27000. It has been fluctuating between 25600 and 27000. The market is confusing. Many people think it will fall below 15,000. I think it should be difficult. Jingcai also said that the MA120 has fallen below 28500. We can focus on whether it can stand above here after going up later.

Since the daily level closed with a big negative last time and now closed with a cross star, there should be a rebound in the next two days. The middle track of the Bollinger band is near 27452. The daily level also depends on whether it can stand firmly above 27452 and the MA120 moving average of 28500

From the 4-hour level, the Bollinger Bands are moving slowly downward, the middle track of the Bollinger Bands is around 26700, and MACD is moving upward. The KDJ three lines have a tendency to form a golden cross and move upward.

From a technical perspective, the market should be recovering now.

BTC Focus: All operation points will have at least 200 points of profit when they are effective for the first time, so you can control it yourself.

Short-term bullish direction: 25600-25800, stop loss 25450, take profit 26200-26500-27000

Short direction: 27000-27200 short, stop loss 27350, take profit 26500-26000-25500

Need to wait for direction

Multi-direction: 24500-25000

In this market, there is no shortage of teachers, analysis, or operational suggestions. The only thing missing is a sincere and simple heart to do market analysis for you. I don't have gorgeous profit screenshots here, nor do I promise you a certain percentage of profit. I only have a sense of duty. If you have been losing money and are not doing well, and want to follow Jingcai's lazy way, you can add Jingcai to talk about trends below. If the market changes too quickly, try to communicate with Jingcai. My daily analysis ideas can be used for your reference. When making orders, control your positions reasonably, and do not operate with heavy or full positions. My personal opinions are for reference only. Investment is risky and you are at your own risk!