01/26 Rabbit Daily: Bitcoin Market Trends (Text and Image Version)

CN
1 year ago

Long-term trend

On the third day of consolidation on the daily chart, you can pay attention to the specific closing line after waking up. But from the current trend near the closing, it is likely to close with a small negative line. We all know that the six days are usually dominated by volumeless oscillating trends, so the trend on Friday is still very important for the current market. The train of thought has been reminding everyone in consecutive videos to wait and see for the oscillating market. For those who have not entered the market for the long-term trend, there are indeed no operational opportunities at the moment. The logic of waiting for a decline remains unchanged. Those holding long-term short positions can continue to wait for the target of 36200.

Medium-term trend

On the medium-term chart, it is also clearly a sideways consolidation trend, and there have been two voices since the bottoming out, one shouting to buy the dip every day, and the other looking for opportunities every day. Behind these two voices, the situation is basically the same, that is, they missed the entire previous downtrend. Although as I mentioned in recent videos, there is indeed a demand for a rebound in the market, with the oscillation in the past few days, the resistance above continues to move down and intensify. This situation undoubtedly continues to squeeze the space for the bulls. If you want to seek medium-term opportunities, just pay attention to whether a clear continuation structure is given at the end of the oscillation. At present, there is no reference basis on the market except for chaos.

Short-term trend

The same view is also maintained on the short-term. Continue to wait and see. Although many beginners like to trade short-term and play on the minute chart, the essence of making a profit at any level is still to follow the trend. Currently, on the short-term, it is just narrow-range oscillation back and forth. Such a trend is not easy to profit from for both long and short positions. In the absence of a clear direction from the structure, being out of the market is the best choice.

Patience is the first digit of the wealth code. Welcome to join the Rabbit community.

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