BTC
Last night, BTC quickly retraced to the middle rail of the descending channel, reaching a low of 54890. It did not have a high probability of retracing to our lower rail last night. Breaking below the middle rail of the upper rail at 55000±150 dollars is a point to follow. The wick last night was just right, and it has now recovered above the upper rail. The strategy is correct, but the Long Wick Candle did not occur in the early morning but at 22:30, which is a conservative timing!
BTCfollow
support55900/54600/54000
Pressure temporarily set at around 57500
Since last Friday, BTC has been probing the long wick candle continuously, but it has not changed the trend of raising the low point. Each wave of long wick candles has not broken the trend, but has allowed the indicators to recover faster! Not to mention the long term, for the short term, this is a good thing. The more intense the fluctuation, the more thorough the turnover, the more solid the phase bottom or top can be, which can be understood as a phase bottom. After all, at the moment, BTC has not broken the position, except for the first wave of long wick candles breaking the position last Friday, the consolidation in the past two days has been maintained above the upper track!
Operationally, the core is to trade in batches, and swing trading can be done in batches. When the opportunity is expected to arise, what we need to do is to lay out this expectation. Every downturn in the market is an opportunity for me to enter the market in batches! Stay steady, wait for a small Rebound trend, and the profits will naturally come into your pocket!
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