Market review: #BTC☀
4H, left picture, the market has changed a little bit, and it has gone out of a 4H upward trend. Then, there is hope for a high-level rise here, and it can even become a potential weekly turning point. There are two ways to intervene at this level. 1. 4H does not break the adjacent half-body position of the second-level buy. 2. Break the previous low and buy at a large level. Both methods can make the downward trend perfect.
30F, right picture, the previous trend is consolidating and top-backed, and it is in a state that can be terminated at any time. The current downward pen has a steep slope and is close to engulfing the adjacent pen. It is hoped that it will penetrate the center and form a strong destruction to the previous trend. If a bottom divergence is formed later, it will form a resonance buying point with 4H, and you can intervene. If there is a rebound and short point at this level, you can also intervene, but I personally don’t like this kind of strong second sell in the middle Yin area, because the profit and loss ratio is not good, it is not recommended. You can try it if you have time to watch the market.
Trading suggestions: Pay close attention to the current 30F downward trend structure and track the divergence point. Once it appears, you can intervene in the spot. But please note that it is still a short structure at the daily level, so the position should not be too large, which is why I marked these two intervention points as neutral. When we go out of the third type of buying and selling points, get rid of the middle Yin area, and clearly choose the direction, we will execute the pursuit operation. In a large-scale trend, there are multiple intervention points, and the buying and selling operations have logical correlation. Position distribution and risk control should be strategic, not all-in.
