$BTC is going to have a big correction, it should be soon.
【Today's Market Analysis-BTC-10.18】
This is only for technical analysis learning, not for investment opening suggestions. Profits and losses are at your own risk
1. Daily line: In the bullish trend, the price is expected to go to around 68~686, and the extreme retracement position is 661~665. But you need to pay attention to the wind direction. After yesterday's daily line closed, a top divergence has appeared. This is an uncertain long risk, you need to be careful. The script is: if the price continues to go up, after reaching the 68~686 range, it will start to fall after sideways. In extreme cases, it may induce more to go to around 695. But there is not much liquidity for upward growth. A larger correction is needed, not only to knock out the long retail investors, but also to cultivate a group of shorts to accumulate liquidity for the next high. The expected retracement position is around 65. The extreme position is 616, and these two positions were also mentioned yesterday. Be very careful.
2. 4H: It has been sideways at a high level. If a large positive line is pulled up and there is no trading volume, it is a lure to buy more. You are ready to sell in the 68~686 range. Be careful.
3. 15min: At 9:15 in the morning, a large positive line with no volume has been pulled out, which is quite representative. This is a typical behavior of lure more. Don't do more.
Intraday trading ideas: You can arrange short positions in the high range and arrange long positions in the callback position.
