BTC bull trap, if I fall below here, I will be short

BTC review analysis

————Trader C.Axelord

BTC review analysis

Recently, the digital currency market is relatively cold, and the high-level consolidation market always gives people a feeling that the rain is about to come, but the repeated price fluctuations make everyone very tired, and there is no enthusiasm for making orders. back and forth between points

But this is also a good thing. The lightness of the market means that the main force can do more things, such as cleaning up, getting rid of unstable chips, and concentrating scattered chips in the market. At a certain moment in the future, the market is always Disorder - Repeated cycle between order, just like the sunrise and sunset, the cycle goes on and on, endlessly

OK Back to the disk, BTC has been oscillating around the 10,000 mark for about 50 days. It has been testing the previous high and at the same time there are signs of rising at the bottom, but the high is also falling, so it is still a high level of volatility and convergence The shape of the market cannot predict when the future market will break through the 10,000-dollar mark

【Supply and demand level】

Yesterday's K-line closed a gyro line after the big positive line, which represents a volatile market within the day. In terms of form, we can see that the daily line level has formed a successful W-bottom pattern. It is theoretically bullish, right?

However, I will be more bearish!

Why? let's think about one thing

W-bottom confirmation is a very obvious long-term form. At the moment when the Dayang line breaks through, there are a lot of buying orders waiting to be traded in the market. They are waiting for the price to step back and execute their buy orders, right? If the W is really a bottom, then the breakout should be strong and shouldn't give Huihui a chance to step in, right?

However, now you are given the opportunity to get in the car, why? ? ? ? Who is so kind to pick you up?

If it wasn't to pick you up in the car, what was the next move?

【Indicator level】

【Indicator level】

The BOLL Bollinger Bands continue to narrow and there is no enlargement of the opening. The Dayang line is only on the middle track. It is unknown whether it can stabilize and break the pressure on the upper track. The overall situation is still dominated by shocks. Don’t be fooled by the "seeming" in the range up

[some questions]

1. Empty now? When is it free?

With the above expectations, today I will wait for the price to fall below 9540, if it falls below, I will be short, otherwise, I will wait and see

2. What if the price does not fall below?

Mainstream contract strategy

Mainstream contract strategy

06.24: 9578-9770 The market fluctuates, just sell high and buy low in the range, pay attention to the direction of the breakthrough, based on the long-term bearish judgment, you can go short directly if you break down, and set the stop loss at the previous high. If you can get out, Then the space below is relatively large, at least 300 points

ETH

06.24: On the high side, there can be more steps back around 241

EOS

06.24: The shock range rises, long orders can be held, see if 2.6 can break, if 2.6 does not break, you can intervene and sell short

BCH

06.24: Break through 247.5 to chase long positions, look at 254, the risk of short-selling is relatively high, be cautious, if you step back around 241, you can also re-intervene in long positions

LTC

06.24: Compression and convergence market, mainly wait and see, not suitable for new interventions, it is recommended to reduce positions for those who have already intervened

XRP

06.24: Break through the W bottom of the hour and step back, you can pay attention to the opportunity to go long when you step back at 0.1884 again, the upper target is around 0.19238 first

ETC

06.24: Near the top of the pressure structure, the stop rise can be a short game, and the better opportunity is to step back on the long trading opportunities around 6.323 and 6.18