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$BTC 6. #BTC# 4 (Contract Idea)
Simply put.
Currently, it seems to be supported on the daily chart, but clearly, the momentum is not very strong.
We are doing short waves, and we can temporarily categorize the current situation as a volatile market.
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See Figure 2,
The current market interpretation is that it is in a rebound upward channel.
Very soon, big, meet again, plummet.
The current trend is very classic, very textbook.
From the market perspective, this is what I see,
It should be noted that textbooks can also be traps set by the house, so don't be careless.
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So the morning shortwave,
My opinion. On the one-hour chart, it has repeatedly not broken below the small-level trend line, and each wave is higher than the previous one.
At the current position, you can add a little more.
My goal is 107700.
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A large bullish candle appeared from the last wave, but the overall height is not high, and it quickly retraced.
I can determine that the upward pressure is increasing.
My script is to quickly reach around 107,000, followed by a drop.
If the direction is wrong and it breaks below the trend line, it can't come back and will turn to a loss.
All are small loss positions
No big problem #ETH#