$BTC The analysis is still the same as yesterday's analysis, just a simple review today 👇


1️⃣65-72K
After the decline stopped, this period of fluctuation, the pattern structure is still unclear
Participating in small-scale trading fluctuations, overall one word: exhausted from losses
2️⃣78K
A bear flag has appeared, and there is a double top pattern broken here
At that time, I also tweeted saying "An epic shorting opportunity has arrived"
But the subsequent decline did not continue, and it rebounded again, I also became a fool
Looking back in hindsight, the structure looks bearish without issue
But at that time, market sentiment was too bearish, funds rates remained negative
That is, the short sellers' momentum was too heavy to push the price down further
3️⃣81K
Attempted to break through the bear flag channel, at this point the market was obviously more optimistic
Including myself, if the breakout had succeeded, it could have reached 90k,
But the breakout did not continue, and it soon consolidated.
After breaking the consolidation range, it immediately entered a bearish trend, and I also adjusted
Continuously entered a bearish mode, rebounded, and shorted
4️⃣76K/73K
The market moves in segments, one trend followed by a consolidation and fluctuation
If you want to follow a long-term trend, you must endure fluctuations and pullbacks
If you are trading volatility, then after the decline stops, close the position, wait for the next consolidation zone or rebound to re-enter
5️⃣70K
Breaking the major channel was very smooth
All bullish expectations were shattered, whether the market is bullish or bearish
There is only one action: sell
6️⃣Summary: Experience and lessons, the structure is actually very good, sometimes it’s because we are inside it, not stepping back to see the big picture, easy to be influenced by a few short-term candles and emotions. Or trying to catch every fluctuation. These often lead to situations where you get it right but still make mistakes. Reduce participation in oscillations (after a smooth market acceleration, a high probability of consolidation), but when the structure reaches a key position and an opportunity arises, dare to take action.
BTC-1.17%
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