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#BTC The four-hour Candlestick failed to break through the 103000 resistance level with insufficient strength and started pulling back. Accumulation appeared with short selling indicators. The Candlestick pulled back to the EMA15 support level at 100900, but the support is not strong. MACD volume decreased, and DIF and DEA contracted downwards at a high level. The Bollinger Bands are also contracting, showing signs of continuous pullback towards the middle support point at 100900. If the support level is held for too long, it will be lost. Therefore, 100900 is not a point to get on board for long positions. Continue to look down to the lower support level at 99300. KDJ formed a death cross downwards, so short selling can continue to hold. Those who have not gotten on board can wait for a lower position to establish long positions and follow the trend to place trend-following orders, while avoiding placing too many countertrend orders.
Short-term mindset reference: The market is not 100% certain, so be sure to set a good stop loss for safety first. The goal is to minimize losses and maximize profits.
Short at 102000 to 102500 above, defend 103000, stop loss 500 points, target 101000 to 100000, break position 99500
Buy at 98500 to 98000 below, defend at 97500, stop loss at 500 points, target 99500 to 100000, break through to 101000
On the long side, defend 92500 to 92000 below, defend 91500, stop loss 500 points, target 93500 to 94500, break 95500 #BTC