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Observation of the broader market trend (BTC's long-term sideways swing has lasted for about a month, and the physical part of the K-line has been higher than in early March, although it is said that the continued sideways swing will weaken the strength of the upward trend, and the long-term trend of BTC should be
The part that deviates upwards has not been fixed in any way. The possibility of subsequent declines is very high. The long-term trend is that a candlestick goes for 7 days, so we don't know what will happen in this process.
Judging from the medium-term trend, the strength of the downward trend continues to weaken, and the trend itself is in a state of shock upward, and the price has come to the vicinity of a large number of highs on April 2, and the current price is around 69200. However, the liquidity is still not good over the weekend, although the intraday trading volume is dominated by long trading, but the trading volume is small.
In the 12-hour cycle, the price bottoming confirmed that it has entered an upward trend, and the strength of the trend continues to increase, and the intraday long trading volume is coordinated, but the trading volume at this time is relatively small, so the price has not been able to effectively break through the important pressure near 69300 for the time being.
In the 6-hour cycle, the price has not continued to hit new highs for the time being, and the intraday trading volume is very small, and the trend is to continue to rise under the condition of trading volume crossing, but the current upward trend strength has not been significantly enhanced.
In the 4-hour cycle, the trend has begun to enter the front action of sideways shock, MA30 has obviously turned upward, the current MA30 deduction price has reached the lowest position, if you want to turn down again, the price must be lower than at least 65500.
The 2-hour cycle has formed an upward trend [short-term], and from the shorter period [5 minutes], there has been a significant deviation, so the disk is undergoing short-term sideways shock repair. Moreover, the continued sideways oscillation is already weakening the strength of the upward trend, and the trend has completed the confirmation of the top. The trend turns into a short-term downtrend.
In the 1-hour cycle, it is in a pure sideways shock [current 19:37:58 on April 7, 2024], so it is not so important whether the MACD has changed, it is currently red, so it can be regarded as due to the pullback trend, the strength of the pullback downward trend is still increasing, and there is no intraday trading volume. Trading volume is very low, which is also a normal pattern for weekends.
ETH's performance on the medium-term market is a direct shock to the upside, and the price has not yet touched the recent pressure near 3440, but with the weakening of the strength of the trend [downward trend strength], the probability of the price rising in the future is also increasing.
The price of the 12-hour cycle is also volatile upward, and the defensive position ahead is around 3500, at this time [20:30:07 on April 7, 2024] The strength of the upward trend continues to increase, but the trading volume is very small.
The 6-hour period can also see that ETH itself has not yet broken the downtrend. Therefore, the vicinity of 3650 is very important and cannot be broken [this is given the perception of the bears], and the strength of the trend has not increased significantly. There is room for both upward and downward movements.
The short-term MA30 and MA60 of the 2-hour period are about to turn upwards [at the same time], but the strength of the current upward trend remains weak.
Conclusion: [Trend Order] In terms of personal opinion, it is recommended to keep a short position, [Planned Order] BTC can be placed near 69600~69700 long orders, stop loss at 69000, ETH at 3450 long orders, stop loss 3400, [short single reverse direction can be opened, stop loss becomes entry position, entry position becomes stop loss - 69000 short, stop loss 69600 ~ 69700, ETH is 3400 short stop loss 3450] The long-term deviation of the disk has not been repaired, and there is still a need for a pullback, which is very obvious in the performance of ETH, but the medium-term upward trend of BTC has not been destroyed, in other words, the current BTC is still in the medium-term upward trend. [63000 has not been effectively broken])
Small Currency Observation [SOL, ADA, ARB, AVAX]
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Orders placed on Friday night will not be filled, and the current trend may have changed, and it will continue to be volatile in the medium term. However, when the strength of the downward trend continues to weaken, the trend may turn at any time, so this short order can be withdrawn [Cancel order in unfilled state].
The question of the time period of the trend, whether the order we make belongs to the main direction or the rebound/pullback in the main trend
Discuss short-term trading [even if you are doing short-term trading, don't touch the volatile market]
It has not yet entered the real big bull market, which is why it is easy to do in the medium-term shock market for 21 years, but it is not good to do it now.
In a volatile market, there is no way to judge the direction by the definition of the trend.
LTC;In the medium term is in a very chaotic shock market, the 12-hour cycle has confirmed the bottom of the action, you can take the main trend as upward, the 6-hour cycle here is not significantly enhanced by the strength of the upward trend, the disk is there room for growth, the 4-hour cycle due to the sideways shock trend strength began to weaken, the 2-hour cycle here due to the top conditions are more harsh, so it can only be said that the MACD is going to turn, the 1-hour cycle has a short-term callback demand. [The short air can be held a little longer] √
Jie Mengwei: DOGE: The medium-term is confirming the bottom, the trend is beginning to turn, the 6-hour cycle does not continue to rise, but the problem does not appear here, but a more short-term disk, the 1-hour short-term disk has obviously risen more, there is a callback demand, then you need to wait for this short-term callback to complete. If the price starts to turn at least 0.187, you can enter the long market. If the callback is not good, don't touch [in fact, it is not recommended that the contract touch the copycat] √
Long-term sideways shock, the strength of the upward trend is weakening, there is a need for a callback, the medium-term remains volatile, and the important support in the medium term is around 176, and it has not been broken for the time being. 187 is a defensive position for the bears and cannot be broken and is now around the pressure of 181 for the short term. The downtrend of the 4-hour period has not been destroyed, so the logic of entering the short order is the 2B structure of the 4-hour period, the entry position is 178, and the stop loss is 181. √
Lone sacrifice: LBR; long-term in a downward trend, the medium-term rebound does not have any breakthrough action, the first step of the trend to turn the price must break through 0.55, need to pay attention to the near point support is near 0.39, this support is broken, must reduce positions, otherwise it will be set for a long time. If the price breakout is successful. It depends on the strength of the trend, the strength of the trend begins to rise in the direction of 12 o'clock, and the position can be reduced at any time. √