Evening thoughts:


The second pancake indicated by the yellow arrow below quickly recovered after a false breakout of the box and re-entered the range, then started to rebound upward. The rebound is currently blocked at the midline of the box at 2019. To continue the rebound, it must break through 2019 and look towards the upper targets of 2058 and the upper boundary of the box at 2089. If it can't break 2019, what's the use of looking up? Regarding the candlestick pointed out by the yellow arrow, what kind of candlestick is this? Any candlestick that makes it hard for you to tell whether the bears or bulls are stronger is useless. The candlestick pointed out by the yellow arrow is a useless candlestick. If you must define it, it's a doji star. The appearance of a doji star indicates that the bulls and bears are evenly matched at this level, and the market will develop based on who wins in the end. Looking at the candlestick pointed out by the yellow arrow below, it's a hammer, but the closing position is not right. If it closes at the lower boundary of the box or above the support level, you should go long without hesitation. If a hammer appears at the support level, it indicates support below and that the bears' efforts are futile. If it can't break 2019 for a long time, the risk of revisiting the lower boundary of the box remains unresolved.
The second pancake with volume breakout above 2009, chase longs on the right side; with volume breakdown below 1989, chase shorts on the right side. Pay attention to volume changes and set good stop-losses.
The second pancake on the hourly chart stabilizes above 2019, aiming for 2058-2089.
On the 4-hour chart, if it breaks below 1980, look down to 1936-1905.
On the 4-hour chart, the positions marked by the yellow box show each peak higher than the last, but the volume below is not increasing accordingly. What does this indicate? It shows that the current 4-hour level is a volume-contracted rally, with prices continuously making new highs but volume not following. Most likely, this is another false breakout. When the US stock market opens, it will drop sharply. Those holding bottom longs should reduce their positions. Slight adjustments are recommended.
BTC3,06%
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