BTC has entered a technical bear market, and the heavy-volume killing has not yet ended. Be cautious when buying bottoms at 3400
Overall market:
Overall market:Today's market trend is relatively simple, the systemic risk is concentrated and broke out, the main force of the short sellers has broken through new lows with heavy volume, and there is still no sign of a weakening of the short sellers. It is the main theme of digital currency,The support of 3000 is likely to be broken
, the specific content will be discussed below, first talk about some non-technical but very important things
1. Replay, future
02.16 The spot leaves the market, and the top is formed: The top appears periodically, and the market wash confirms. Is it a callback or a trend reversal?02.22 Do not buy bottoms:
If it does not fall for a long time, history may repeat itself02.25 Long-term short, target 6600:
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!03.01 Bounce trap:
Trap: More than 8500 supports, why can't I see the rebound force?03.02 Key position 9200:
03.03 Short sale:9200 large supply area, if you don't break through the volume, you will be empty!
9200 large supply area, if you don't break through the volume, you will be empty!03.05 rebound, don't buy bottoms:
03.09 Waterfall target 7100, don't buy bottoms:The waterfall is coming as promised, the first target for shorts is 7100, don't buy bottoms, short rallies!
03.10 Be wary that 7650 will fall below：Short: 7650 is not the bottom, the real bottom is far from coming
03.12 Reemphasize not to buy bottoms, 6600 will break：The bottom-hunting sentiment is strong, the rebound has been weak for many times, and the bearishness continues to break new lows
The bottom-hunting sentiment is strong, the rebound has been weak for many times, and the bearishness continues to break new lows
At the same time, in order to help you better review and analyze learning, I made a video version
The viewing address is: https://m.qlchat.com/topic/details?topicId=2000008610281958
In more detail, I talked about my personal logical understanding of this round of killing and my views on future expectations. You can click/scan the code to view it. Some screenshots are as follows
Looking back on the market, there is almost no support for reference at the level below the daily line, and the shorts are in place. The price of Huobi is the lowest at 3400, which triggers many pending buying orders at this position, but these buying orders are not It is not enough to reverse the short trend that has become a foregone conclusion. Even if the price goes up, there will be a large number of locked-ups waiting to be unwinded. Without sufficient fund-raising and changing hands, there will be no bull market result
Will BTC return to zero, what about the bull market?
I don’t think so, but the technical bear market is established. A better result for a long time in the future will be to oscillate around 3,000 to accumulate funds, and oscillate for more than 3 months before considering the possibility of trend reversal
Is 3400 the bottom? can you copy the bottom
From the perspective of the market, 3400 will be broken, and the price will hit a new low. The current forecast is useless. If I have to say it, I will initially see 2800
Trading straregy
Pay attention to the short-selling opportunities around 5200 after the rebound for 1 hour. It should be noted that the stop loss space will be very large, and the market fluctuates greatly. You must take a light position when placing orders, and be careful of being swept away. The key pressure: 5200, 6300, no support
ETH Strategy Today
EOS Strategy Today
EOS Strategy Today
Official Account: Rich Generation Charon
Quotation consultation: sanbao1488
