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Yidao BTC Market Review — Tianshan Dùn
So frustrating, got fooled by the market manipulators again!
That hexagram at 5 PM yesterday, at the red circle, after a second retest, broke below again, forcing me to cut losses.
Let's look at today's yellow circle structure.
First, we use the Six Realms to identify key levels; 76312 is the closing level of last month, LMS.
According to the Yidao system's weekly cycle rotation rules, Wood, Fire, Earth, Metal, Water follow sequentially, with no gaps throughout the year; this week, the cycle has shifted to Water, so this week is the Water week.
Today is the Gui Si day in the Heavenly Stems and Earthly Branches, with the day stem Gui, which belongs to the Water element, so today is a Water day.
Currently, a double Water pattern has formed with weekly Water plus daily Water, indicating a short-term overall bearish trend with bulls under pressure.
(Actually, the weekly and daily attributes are just experiments, with some metaphysical aspects; don’t worry about that. The core is in the following Bagua record.)
The 1-hour bottom turning point hexagram is Qian above Gen — Tianshan Dùn. The market is just temporarily stabilizing and forming a bottom after a retest, bouncing back from 76111 to 77339.
There is strong resistance above, and signs of forming a top are emerging. It’s possible to break below 76018 for a second test of the bottom.
It depends on whether this level can hold; whether LMS can be effective or not.
Overall market conclusion: Daily trend is bearish #BTC
The 1-hour Tianshan Dùn temporarily halted the decline; the market shows no signs of strong momentum.
A second test of the bottom cannot be ruled out.
The best strategy is to wait for a rebound and then short; trying to go long against the trend is not a good idea.
Because people's patience is limited, and in terms of stop-loss, ordinary traders might not withstand even one.
With patience, three attempts are possible; beyond that, it’s foolish.
So, small-scale counter-trend trading is better avoided.
But this record still needs to be kept: at the 1H level, the bottom hexagram is Tianshan Dùn, with a retest that doesn’t break, indicating a weak rebound.
If you find similarities, it’s purely coincidental. We must believe in science.