Next article "Technical side"
Technical side:
1. BTC + futures price weekly lines are both long upper shadow and shrinking volume negative lines. Under the circumstances of rebound resistance + sluggish trading, the technical side tends to continue to adjust. The short-term price is close to the previous low point, which is a test for bulls. Pay attention to the breakout situation.
2. The monthly and annual lines are about to be closed. At this node, we need to guard against black swan trends. Pay attention to the main dealers using K lines to create technical traps on the K line.
3. In the daily chart, the price rebound is weak, and the low point center of gravity moves downward - short-term. The overall tendency is to fall in the middle - given that the price is still in the rectangular range, pay attention to the support of MA60 in the short term
4. In the trend of the pattern, we need to pay attention to the potential falling channel. If it falls below the recent low, it is not ruled out that the ABCD is formed around the potential falling channel. If a break occurs, there will be a large space for correction below
5. In the 4H trend, the price is always suppressed by the short-term EMA moving average. The pattern is a falling triangle. It is currently approaching the end of the pattern and faces a direction choice in the short term
6. In view of the stop loss of the short position that broke last Friday, under the premise of key positions and change nodes, it is particularly necessary to pay attention to the possible false breakthroughs/breaks during the period. Stable trading can wait for the right trading signal after choosing the direction
7. Indicator level
(1) KD is running in the short-term oversold zone. The overall pattern needs to be considered under the theoretical rebound demand, especially at the key node of choosing the direction. It cannot be used alone
Reason: Last Friday, KD was also in the oversold zone and there was a need for blunt repair, but the price continued to fall after a brief rebound, and the overall trend was weak
(2) RSI is still running weak
(3) MACD short-term bearish potential weakened but still below the 0 axis. Unless the golden cross stands above the 0 axis, it is necessary to consider the "oil leakage" (fall) in the air.
In summary, BTC is at a critical node of market change. In the case of weak short-term rebound, bulls still face a great test. Although game trading has advantages in stop loss setting, for trend trading, right-side trading is more stable. Monday's market change rules, it is suitable to wait and see, waiting for the direction to be chosen.
Note: When the mainstream currency is weak + facing the direction to be chosen, the trading focus can be biased towards the layout of altcoins. If there is a suitable target, it will be released immediately. Pay attention to the relevant information.
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