Falling below this position will announce the end of this round of rising market, and the price will return to the starting point of 6680
Falling below this position will announce the end of this round of rising market, and the price will return to the starting point of 6680
abstract:
a. bearish
Overall market:
Upcoming Events:
Overall market:
There is a lot of information in the past two days, and the changes in the disk are relatively fast. The closing position of a daily line can change the view on the market outlook at any time. Yesterday in the live broadcast, I talked about the expected trend in the chart below. The ideal is a short and weak back step 9652, after stabilizing and rebounding, the low point rose (live playback: https://www.bilibili.com/video/av91457814)
It's a pity that the closing line of the daily line this morning directly broke this expectation. A heavy-volume K directly pierced through this area. Although the price eventually recovered, it closed below the median, which is a very unfavorable position for bulls, as shown in the figure below
At the same time, after this period of rise, the high pressure and strong supply have brought down the replay volume transaction, which means a large number of hand changes. Aside from EA, a key question is "who is changing hands here?", who is buying the bottom, And who is selling it?
We know that the unprofessionalism of retail investors and the lack of information make them very vulnerable to the opinions of well-known leaders in the market. When the so-called "leaders" frequently shout regardless of the interests of retail investors, we must always be vigilant "WHy?" A correct suggestion?"
Most of the bottom-hunters are retail investors, while the counterparty of the seller is the main institution. Retail investors and institutions are rivals to each other. The full exchange of chips means that the big market is coming. The next step is to wait for a wave of so-called "Breaking news" catalyzes panic
As long as the price breaks through the two prices in the figure below with the help of a certain message, the stop losses of all bullish traders will be triggered, regardless of whether they are spot or long positions, and the triggering of stop loss orders will aggravate the panic in the market and prompt the price to move further. Down to kill, a thousand miles
To put it simply, it is: if the price volume breaks through 9126, then this round of bullish market will be declared over, and the market will continue to bottom out. The first target is the rising point of this round of market, 6680 (Binance spot price)
Of course, this process will be very long, and there will definitely be a rebound in the middle, but the trend is short, and shorting the rebound will become the main trading logic after the above conditions are confirmed
short term strategy
The price of the 1-hour level continued to fall after the opening of the market. There is still a small rebound expected around 9400, but we know that the large level is a short trend, and we will do what we can to buy the bottom against the trend. The main idea is to rebound and short. The key pressure: 9655, 9811, the key support: 9400, 9100
midline strategy
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