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At present, the overall structure is irregular. In this case, you cannot chase shorts when the market falls or chase longs when the market rises, because it is difficult to get out of the continuous band rise and fall.
On the contrary, selling high and buying low is the best solution, but I still think that only low longs are used.
There is no lower point in the structure, so at least it is still an adjustment at present, and it has not destroyed the structure to go out of the reversal, so the risk of chasing shorts at low levels is undoubtedly very large.

BTC fell to 66,000. Generally speaking, the exchange of chips in the market and the time period are not enough. It was washed down by the altcoins. The impact is still not big enough. The altcoins are obviously not enough to force the palace. The market trend is still determined by the big cake. #比特币减半 #大盘走势 #新币挖矿

Bitcoin’s convergence adjustment, early views unchanged
The previous bottoming reversal high point is not ideal compared to our expectations, but the overall operating trend is still in line with our judgment. The price will continue to adjust below the previous high and above the previous low. At present, there is a high probability of convergence. The adjustment and the time of adjustment remain unchanged from the previous view, and may be adjusted after the halving.
As long as it does not break the previous low, it will be a relay adjustment. After the adjustment, it will continue to be bullish. However, if it breaks below and stabilizes, it will see a correction to 5.2w, so it is not recommended to continue chasing shorts at this time.
From a personal point of view, it is not recommended to sell high and buy low in spot trading, because you will always make a mistake, and there will be emergencies in the process that will have a very strong impact on your emotions.
Fluctuations are normal. There is no market that keeps rising without correction. You should be mentally prepared before entering the market, so the best thing to do is to do nothing.
You can never buy at the most ideal position and sell at the most ideal position. You only care about the average entry price and the position at which you plan to sell or gradually reduce your position. You cannot control how the market fluctuates in the middle.
The bull market will continue, and as long as you don't operate randomly, no matter how the market changes, you can't do anything about it, because it will eventually rise.
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The current market trend is similar to that of June and July last year. The price first hit a high point and then made a deep correction. Then it continued to test the previous support after a second surge. However, the second surge in the previous wave was a false breakthrough of the previous high, while this time it rebounded without breaking the high and went directly weak. The structure of the bulls temporarily deteriorated, pulling up-adjusting-second surge. When the price stabilized at 68,000, the market was dominated by bulls and there was a demand for continued surge. However, after hovering for many days, it unexpectedly broke the middle track, the second surge ended, and the second test of the previous low was ushered in. The previous order wall was at 59,000, which was also the entry of the dealer. Position
In the general direction, if there is a false break and recovery near 60,000, and then it continues to consolidate at the bottom, it will be a godsend opportunity, the best right-side opportunity to copy the big bottom. Even if the weekly line closes with a long lower shadow this week, it is also a weak signal. There may be a demand for bottoming out next week, so don’t enter the market blindly in the near future
At the 4-hour level, the price first broke through the lower track of the ascending triangle, and then broke through the neckline of the W bottom, and then changed from a strong position to a wide range of fluctuations. It has now fallen back to the 61.8 position of the 60,800 rise. There is a certain support, and there is a rebound demand in the short term. 68,500 has now turned into a strong resistance, and there is room after the breakthrough

Bitcoin needs to wait for catalyst to confirm upward momentum

Cycles tend to rise slowly and fall quickly
A bull market will last for many years before it reaches its maximum, but the bear market that follows the bull market is like a fast freight train and will soon hit the bottom. My long-time collaborator Sheldon Stone said it best: "A balloon deflates much faster than it inflates."
——Howard Marx

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Even if Bitcoin falls, won’t it be too much?
The changes in position data in the last 11 hours are actually very obvious in this picture. It can be seen that from 00:00 this morning to about 11:00 am Beijing time, although the price dropped, there was almost no obvious change among earlier investors. As a sign of leaving the market, BTC holding costs below $60,000 account for about 3% of the total flow.
The BTC between USD 66,000 and USD 69,000 not only did not decrease, but also increased significantly. The 200,000 BTC that was moved from USD 73,000 last time moved to around USD 68,500 this time. In addition to this amount, whether it is Whether it is short-term operation or BTC held at a high level, there are no obvious signs of changing hands.
Therefore, the conclusion drawn is that it is basically impossible for the main force of the United States to smash the market, and it also specially selected a period of weak liquidity, and the large amount of BTC moving is not a profit-making chip. In fact, the departure of profit-making chips is very small. few. #BTC🔥🔥🔥🔥

LTC four-hour price trend analysis
Many currencies are in a correction, but some currencies are still relatively strong. Today, let's analyze LTC's four-hour short-term market.
After a wave of decline, LTC had a large-volume penetration near the support level, and the market stopped falling. The last four-hour K-line showed a medium-long positive line again, and the volume continued to expand, which shows that the bulls are relatively strong.
From the four-hour point of view, a new upward trend has emerged, which can be seen as a V-shaped bottom. After breaking through the neckline with large volume, it continues to rise.
The middle track of the Bollinger track has a certain pressure effect, but the Bollinger track has just closed, it is in a volatile market, and it has increased in volume, so the pressure on the middle track is much smaller.
The entire four-hour trend belongs to an upward trend, the highs and lows are gradually moving up, and the price has not broken the previous low. Today, all currencies are in a correction, but it has not corrected, indicating that it is very strong, so the next market will most likely continue to rise, so this position is a short-term entry point.
The white line below is the support level. If it falls below the support, you must leave the market. Short-term trading must be done in strong currencies, and other currencies have not stopped falling and are not considered.
The four-hour market changes very quickly. Short-term trading should be stopped when it is profitable. Don't let yourself get caught because of greed. Short-term trading emphasizes the utilization rate of funds, so you must be willing to take profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.
The above analysis only represents personal opinions and does not constitute any investment advice.

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