June 28

Dog house, it's really dirty to play.

Btc
Daily level
At this stage, it is definitely a key node for the market to choose its direction. Regardless of whether it goes up or down, a direction will definitely appear. Therefore, even if you get stopped out in trading, you must set a stop-loss position.

Why is the stop-loss space very small? First, because our signal is right there; if it breaks the signal, it requires a stop-loss. Second, our profit expectation is not high to begin with; while there might be better reasonable positions for stop-loss, the risk-reward ratio wouldn't be favorable.

The daily chart has formed a pattern that gives me more confidence.
Let's first talk about a question: the position between 109000---110000, which we have emphasized before, is your last opportunity to short.
This position will either move down as we expect in a bearish trend, initiating the next wave of decline after a rise. Or the price will break this area and start to reverse, continuing to break through historical highs.
No matter what fluctuations occur, this will be the most suitable or the last position for you to short at this stage.

The so-called downward trend pattern
1. The price shows a significant positive divergence after hitting a high.
2. A high price surge leads to a prolonged period of consolidation at the high level.
3. The dual moving averages are effectively rising and getting closer to the price's consolidation range.
4. In this situation, we tend to conduct a second upward test at the end of the sideways movement, which will most likely result in a new high, and with a small probability, it may reach a second high.
5. Since this is a bearish pattern, after the second peak, there is a high probability that the price will trend downward. Of course, if the expectation is strong, it will be a wave of downward trend; if the expectation is conservative, the downward target will be the MA60 line.