Did you panic when it broke below 2300 yesterday?


Panic indicates you don't understand the market; dizziness, urgency, and not knowing where to start are normal phenomena.
Understanding the market trend and knowing how to trade it are two different things.
Both are fundamental conditions.
Careful study will reveal that since the central range upgrade from 2300-2385, 20, 29, 1, 8, and even today, all are the same, all breaking through the range, then forming a five-minute central range upgrade.
After breaking through 2300, a good upward trend was formed, but the path still cannot escape the fate of oscillation.
If you review previous analyses, you'll find that the movement was predictable.
Last night, the consolidation range was broken: 2300-2385, 2310-2383, 2343-2325.
A small decline was formed.
The triple range break currently only indicates that the bullish market sentiment is cooling down, and the main force is beginning to lean towards a bearish plan.
The 2300 level will be a key monitoring point to determine whether it can return to oscillation.
Today, focus on the stability of the five-minute central range upgrade between 2294-2280.
Stabilizing within the oscillation will form a fifteen-minute buy signal, returning to last week's price.
If the range is broken again, a second dip will follow.
The trading strategy is very clear now: Bitcoin's oscillation range remains 82150-80500.
80500 is a very strong support, and it is unlikely to be broken easily in the short term.
Compared to Ethereum, Bitcoin is indeed much weaker, but the market is always a process of strength and weakness shifting.
It mainly depends on the public's bias and capital favorability.
BTC0.08%
ETH0.53%
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