Bitcoin Key indicators have fallen below, bears are coming again
As mentioned yesterday, the flag pattern adjustment is a downward continuation structure Last night, it directly broke through the support at the bottom of the channel And the monthly line has also broken the mid-line support Next, we can just wait and see the performance of the bears Suggested to short Focus on the area of 87000-87500 to 🈳
The recent trends have mostly been in consolidation There hasn't been a clear strong direction Frequent back-and-forth tug-of-war between bulls and bears Although last Friday and yesterday's declines were quite strong They did not lead to a clear direction The drop encountered resistance and rebounded at 87000 Since the drop to around 80000 on the 20th of last month A sustained slow oscillation rebound has formed a flag pattern adjustment area The flag adjustment channel appearing in a downtrend Usually acts as a continuation pattern in a downtrend So from a long-term perspective, the market still looks not very optimistic
In the short term, the market is currently operating within an adjustment channel And yesterday's decline just touched the support area at the bottom of the channel During the day, the opening this morning has already rebounded up by 2000 points The rebound after the sharp drop has laid the foundation for today's trend Under the circumstance where the fundamental changes are minimal Continue to look for rebounds during the day Directly go long around 89000, short-term target 2000 points For the medium term, look around 94000 The above suggestions are for reference only
Woke up this morning and saw the order was stopped out So I continued to take a nap, and ended up sleeping until now The market fluctuations in the last three days have not been significant It's been oscillating in the 94000-91000 range The Bollinger Bands on the four-hour level have not yet contracted So the oscillating trend is expected to continue Today is Friday, and if we can't break through the oscillating area Then the market will only be weaker over the weekend There are two strategies to consider Breakout follow-up, if it doesn't break, continue to oscillate First focus on the 91000-94000 range for shorting and longing $BTC #比特币VS代币化黄金 #美SEC推动加密创新监管 #加密市场观察 #美联储重启降息步伐 #ETH走势分析
The short position is currently slightly profitable Hang on to the breakeven loss and continue to hold The four-hour stochastic indicator is turning down in the overbought zone There should be space for a decline Patience is still needed in holding the position $BTC #币安区块链周 #美联储重启降息步伐 #美SEC推动加密创新监管 #ETH走势分析 #加密市场观察
A few days ago, those who were shouting that the bear market was coming and preparing for winter Are they the same group of people who are now shouting that the bull is back? Whether it's a bull or a bear, does it matter for short-term trading? Good position management is the most important thing; living longer means living better.
Today's focus: the upward trend has begun to weaken. The hourly Bollinger Bands are in a contracting position. The price is oscillating and adjusting between the upper and lower bands. A direction for a breakout is about to be chosen. On the four-hour chart, it is worth noting that the stochastic indicator has entered the overbought zone. The price increase has already been limited. For today, continue to focus on 🈳. Pay attention to entering 🈳 directly near 94000. Look to add positions at 95000; defend at 96000. Looking down to 91500-90000.
Midday rebound of 94000🈳 Entered near 93850 Currently giving about 900 points Short-term exit first Reduce positions for the long-term view down to 1000 points
Yesterday, the short position was hit hard High short, low long; we all understand the reasoning, but trading is difficult From an experiential perspective, the rebound before the US market is a typical bait for long positions However, during the US stock market session, the bulls remain unchanged, and the price of the coin returns above 90000 Today's pressure mainly concentrates around 96500 If it rebounds again and touches this level, I will still choose to do 🈳 Currently, after the rebound, there hasn't been any room for a pullback The short-term bulls still have some room to exert force But it has already given a nearly ten-thousand-point increase In the case of relatively high positions, chasing longs is not very rational So let's patiently wait for a higher point to do 🈳
It is recommended to focus on 94000 🈳 Buy at 95500, defend at 96500 The market is large, so the buffer space given is also relatively large Strictly control positions in operations After increasing positions, the holding should not exceed 10% of the total position
The early session indicated a short position The market has fallen over 4000 points as expected There's not much to say about this market 🉑 After the early session decline There was a slight rebound and correction, continuing the trend Therefore, the market outlook is still 🈳 So, a slight rebound is sufficient to continue to do 🈳 Focus on the 86500-87000 area to continue 🈳 it Light entry, reserve cabin space for replenishment Looking down at 2000-3000 points
The weekend has indeed passed so quietly This week, there will be some key data to pay attention to One is the ADP report on Wednesday night, which is the small non-farm report In the absence of non-farm data, this is quite important On Thursday night, we have the Challenger job cuts ADP is equivalent to employment, while Challenger corresponds to unemployment And then on Friday night, there is the September PCE data This shouldn't have too much impact, after all, it's September's data
The news coming out on the 29th is quite important, but there's no need to worry too much Don't engage in scalping, don't mess around, it's fine to play with it yourself
Today's main focus is still on the market Rebounds have repeatedly hit resistance at the daily midline, with heavy pressure above Using 93000 as the defensive level Rebounds in the 91000-91500 area to the market Stop loss if it breaks
After rebounding to the 93000 line overnight, it fell back The strategy given yesterday was also to buy back after rebounding to 93000 The trend and the given idea can be said to be completely consistent
In terms of the future market, the key is the pressure of the middle track on the daily line Yesterday's rebound to 93000 just touched this line There was no further upward breakthrough, but instead it fell under pressure This indicates that the pressure above is still relatively strong In terms of the day, just continue to watch the fall Use yesterday's rebound high point as a defensive point It is recommended to rebound to 91000-91500 🈳 Defensive at 93100, manage the space yourself
Market fluctuations are small The morning range is 91500-92000🈳 Currently giving 800 points Short-term can exit Don't be greedy today Just run short-term
On the surface, the market only shows rises and falls. In fact, there is also fluctuation. Yesterday was a fluctuating trend, which led to little space for the short positions given.
On Thursday, the coin price was only consolidating in a small range, with little fluctuation. Perhaps influenced by Thanksgiving, both long and short positions showed mild performance. Both sides have entered a stage of anxiety, and the rebound seems to have stopped at 92000. The support area of 94000 given yesterday remains unchanged. In the future, continue to layout short positions around the pressure of this area. Intraday, it is recommended to rebound in the 91500-92000 area 🈳 See 93000 for replenishment, defend 94000. Looking down at the 88000 line.
Yesterday, a sudden fire broke out in Hong Kong, confirming 44 people dead Nearly 300 people missing, which is heartbreaking In the future, if you see someone pushing an electric scooter into the elevator or leaving it in the corridor Don't hesitate, go directly to the property management to report it
Yesterday, the short position was set at 89000, defending 90000 The market rebounded to above 91000 at midnight There is no doubt that yesterday's short position was stopped out
I have always maintained a bearish outlook Because this round of bullish trend has been broken And now is the rebound testing phase after the decline Synchronously clearing overly concentrated short positions Once the rebound is blocked and retraces, it will be the starting point for the next wave of shorts Currently, the focus is whether the pressure at the daily middle track can be broken The market continues to be bearish, with the daily middle track at the 94000 area as defense
Yesterday's daily closing recorded a small bearish candle In line with our bearish expectations However, the space for decline is relatively limited In the short term, it is more likely to enter a phase of consolidation and adjustment The consolidation area remains in the range of 85000-90000 Now we are focusing on which side will break through As long as a breakthrough occurs, there will be a continuation of the trend My personal view is still bearish Therefore, in terms of operation, it is still recommended to focus on shorting on rebounds Pay attention to around 89000🈳 If it breaks, stop loss in time
The four consecutive weekly declines have dropped 35,000 points. As the MACD has declined, the dual moving averages have entered below the zero axis. This means that the previously emphasized top divergence pattern has ended.
Currently, the market has seen some rebound, but it is more of a rebound caused by hunting short stop losses. Without strong support from spot buying, once selling continues, the market will inevitably enter the next round of downward rhythm. Therefore, in terms of future markets, rebound trading remains the first choice.
The four-hour retreat is currently finding support near the mid-band. There is a certain need for a rebound in the short term. For short selling, it is recommended to wait for a rebound to above 88,500-89,000 before continuing. Place stop loss above 90,000. Target below 86,500.
This is just one person's opinion and is for reference only.