BTC's low point is raised, and it is a bull market if it does not break 10,500

诺海_NhCynora

特邀专栏作者

2020-07-30 10:39 (UTC+8)

This article is about 894 words, reading the full article takes about 2 minutes

AI Summary

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Replay yesterday

The market fluctuated in a range all day yesterday, and there were no good trading opportunities. In the evening, the upside broke through yesterday's high point, but a wave of callbacks came down before the closing line this morning. Overall, the market still remained volatile, and there was no what is too much controversy

Today's Direction

daily map

From the daily closing line of the daily chart, it can be seen that the low points are all rising. There will be a process of "building steps" at the small level. New short sellers join the market, so there is a high probability that the price will evolve in the direction of the original trend, that is, "go long"

But there is still a little doubt here, that is, the price stepped back to the breakthrough point (10550-10600) after the breakthrough, which should not happen for a strong bullish trend, as shown in the figure below

We know that a smooth long market should not give any "callback traders" the opportunity to get on the car, but here it is, what does it mean?

It means that all traders who want to buy at the breakthrough point are now in the car, and their books have floating profits to varying degrees. This is not conducive to bulls. Although it will not negate the bullish trend, it weakens the upside. space

It’s like transporting goods by car. The more goods there are, the heavier the weight will be, and the speed will slow down. If you forcefully accelerate, the car will overturn if you accidentally

Therefore, this phenomenon needs to be vigilant. If the situation shown in the figure below appears, be careful that the possible top form is established, and if it rebounds and kills again, it may be broken.

4 hours

Rising wedge arrangement, long thinking, do not change views until the 10900 structure is broken

can you go short

cannot

Although the potential bullish threat was mentioned above, it has not happened yet. If it happens, we have to change our views, adjust positions, and control risks. But before it happens, we can only respect the information brought to us by the current market. That is

The current trend is bullish

Should adhere to the multi-direction, as the main idea

mainstream strategy

BTC

Triangular convergence relay, there is a high probability that the market outlook will break through the upper edge and continue to go long. Just continue to hold long orders, and step back on the lower edge to support new interventions

Pressure: 11400

Support: 11000, 10900

ETH

There are some signs of being short, you can buy low if it does not break 300, and there is a chance to continue to rise, but it will take time to consume the selling pressure

Pressure: 328, 333

Support: 306.6, 294