Analysis of the intraday trend of BTC
Today's market greed and fear index is 71, down 2 points from yesterday. After three consecutive days of false breakthroughs at high levels, some people in the market have begun to panic and turn from longs to shorts. But longs still dominate.
Let's talk about the macro first: The dog dealer has been pulling the market so urgently, and the purpose is to trap the leeks at the highest point. Now the leeks have been cut more and become more refined. Many people have shouted for a few more days on the surface, shouting everywhere that the bull is coming, but they just don't get on the bus. It is obvious from the trading volume of the crypto market in the past few days that the total trading volume of the market on the 15th is between 90 billion and 110 billion, and the current trading volume today is only about 80 billion (24-hour system). And since the 14th, the crypto market has been stretched continuously, and the cake has been pulled by more than 10%, but the overall market value of the crypto market is still around 2.33 trillion. There has not been much capital flowing into the currency circle during this period. So the dog dealer has done so many things for one thing, which is to trap the leeks at a high level, so what are the basic elements of this? The cottage market is generally rising, creating a wealth effect. You come and I will leave.
Lao Teng’s personal opinion is that the current position may undergo a continuous small shock correction in the next few days, and then the cottage market will make up for the rise in the weekend. When there is obvious capital flowing into the currency circle, it will be seen whether it is to lock in the leeks.
Let’s talk about the K-line from the Bollinger Bands. The big cake has directly broken through the upper track for two consecutive days. The current market needs to make a market repair process and give the next wave of trend a space to make up for the rise. The big cake is currently trading around 68,000, which shows that there are indeed a lot of resistance above. After many high-intensity pull-ups, the market also needs a power accumulation before attacking. And the current market is exactly the same as the market around July 20, and the points are also similar. Therefore, Lao Teng predicts that this wave of market will have a correction of more than 4 to 5 points. After the next wave of stretching, wash the market. Of course, Lao Teng is now talking about a small cycle of at least half a month. After all, this wave of trend in July also took nearly two weeks.
When the market rises and drives the entire market to a climax, that is when we go short until everyone is talking loudly.
